ING to apply for US aid

Discussion in 'Wall St. News' started by Debaser82, Feb 21, 2009.

  1. No English link (yet) but the story in Holland is the ING chairman is in the US this weekend exploring if ING, that has a large US exposure, might apply for US government aid under the rules set out by the FED and Treasury.

    ING has a 1.3 $trillion balance sheet, leverage ratio 60 and in my view globaly systemic.

    Let's see how this works out.

    I believe some kind of rescue plan is urgent and will find it's way to the newsmedia before the end of this weekend.