The largest hypothecary agency Hypo Real Estate (HRE) was necessary to nationalise Germany. Only this step has allowed to avoid "death of a world financial system". Such application was made by the president of Federal agency of Germany under the control over financing activities (BaFin).
Thus he has noticed that at BaFin was not the slightest chance to prevent bankruptcy HRE. But despite lacking chances, since autumn of 2008 the government has allocated to agency more than hundred billions euro as credits and state warranties.
Agency Hypo Real Estate has seriously suffered from a global financial crisis as has enclosed significant means in the American hypothecary papers. Following the results of 2008 agency losses have constituted about 5,5 billion euro.
The current situation shows, the world financial system when bankruptcy only one, let even the large, German company, could lead to full breakdown of all system is how much astable and fragile. On the other hand, it is one more vivid example of that all elements of this system are dependent among themselves.
The governments of all countries as if captains of the huge ship which has faced an iceberg, try to stop up holes huge money supplies. Seeing the feebleness, they do not know how to prevent new collisions with an iceberg.
The world crisis cannot be stopped transfusion of money "from empty in empty". Our ship-planet has a chance to remain afloat, only if we realise that financial communications, and human are infringed not.
Boundless egoism of each destroys all "body" of mankind, like a cancer cage which destroys all fabrics round itself and as a result perishes.
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