Bank bankruptcy bailouts worsen national fiscal position

Bank bankruptcies will result in severe fiscal losses of bank bailout and effective nationalization of the affected institutions.

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The Global Financial Crisis
Potential consequences of the financial crisis?
US faces severe recession
Bank bankruptcy bailouts worsen national fiscal position
Early baby boomers will be hit particularly hard
Commercial real estate loan market will seize up
Driven deeper by vicious circle of losses fueling further losses
Major investment projects are scaled back
Major nonfinancial companies go bankrupt as well
Recession leads to defaults on other unsecured debt
Sharp decline in consumer spending
Unemployment above 10 percent
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