Nov
30
Why does the news break on collapse or bailout of financial institutions on late Sunday evening?
Filed Under Financial News
jwm789 asked:
In recent months, the slew of financial institutions that have either collapsed or accepted U.S. gov’t bailout have always broke the news late Sunday night, and we all hear about it first thing Monday morning. Bear Stearns, Leehman Bros, AIG, for each of these we heard about them on a Monday morning. The latest, this morning, we heard about Citigroup.
In recent months, the slew of financial institutions that have either collapsed or accepted U.S. gov’t bailout have always broke the news late Sunday night, and we all hear about it first thing Monday morning. Bear Stearns, Leehman Bros, AIG, for each of these we heard about them on a Monday morning. The latest, this morning, we heard about Citigroup.
Why is it always Sunday evening these things happen?
JUNE
Comments
One Response to “Why does the news break on collapse or bailout of financial institutions on late Sunday evening?”
The people involved want to find out before the people involved want to find out before the weekend they want to be fair and give.
The people involved want to do their negotiating in stable environment this means doing it when the markets open.
The people involved want to do their negotiating in stable environment this means doing it on sunday night to announce it on sunday night to find out before the markets open.