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What Is Bailout?

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Fall of IrelandEconomic Contraction 14% by 2010

World’s highest Gross External Debt 811%

Unemployment up by 87.5%

CAUSES OF RECESSIONInternational Credit Crunch

Bank Solvency??

BAILOUTSGovernment Guarantee Of Irish Banking

SystemGovernment-Backed Mortgages

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Collapse of AIG

Bailout : $180 Billion

U.S Bailouts

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CanadianBailout

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Bailouts Amount

Penn Central Railroad $3.2 Billion

Lockheed $1.4 Billion

Franklin National Bank $7.8 Billion

New York City $9.4 Billion

Chrysler $4.0 Billion

Continental Illinois & National Bank & Trust Company

$9.5 Billion

Savings & Loan $293.3 Billion

Airline Industry $18.6 Billion

Some Historical Bailouts

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35,000 Crore Bailout

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Conclusion…