All Aboard the Failboat!

Wachovia, Bradford & Bingley, Hypo Real Estate, Fortis, and Glitnir – five major bank bailouts in a single day. Is that some kind of record?

Previous failboating on JRE.

Update: And now Dexia‘s being bailed out, too. The top deck of the Failboat is getting a bit crowded.

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