Dexia Bank Is Nationalized: Leveraged 74 to One
Oct. 10, 2011
This bank needed loans from the Federal Reserve in 2008. It paid the FED back. But it never got out of the hole it dug for itself.
It is still not clear how much loss it will sustain. Its leverage is huge: 74 to one.
So far, three governments have pledged to inject 78 billion euros -- over $120 billion.