Germany's Retailer Arcandor says it'll file for bankruptcy

Discussion in 'Stocks' started by ASusilovic, Jun 9, 2009.

  1. ASusilovic

    ASusilovic

    MADRID (MarketWatch) -- Shares of German retailer Arcandor tumbled 32% on Tuesday after the company said it will file for bankruptcy, after being rejected on two fronts for a state loan guarantee and rescue aid.

    http://www.marketwatch.com/story/pressure-remains-on-arcandor

    What, no state loan guarantee ??? No bailout ? No taxpayer money ? Outsch !
     
    #1     Jun 9, 2009
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  2. Debaser82

    Debaser82

    60.000 employees.

    Maybe they should call Obama and see if he has any billions left in his backpocket.
     
    #2     Jun 9, 2009
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  3. ASusilovic

    ASusilovic

    You mean American (Obama ) style socialism ? :D
     
    #3     Jun 9, 2009
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  4. nutmeg

    nutmeg

    Maybe the Germans don't want no stinkin dollars.
     
    #4     Jun 9, 2009
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  5. zdreg

    zdreg

    many germans do not want euros issued outside of Germany.
     
    #5     Jun 9, 2009
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