It's in their name it was HYPO-apped!
Quote from ASusilovic:
Hypo Real Estate was racing to find a way to save itself after the German property lender revealed the collapse of a previous rescue plan that could pose the biggest threat to Germanyâs financial system amid reports a consortium of banks had reassessed the bankâs funding needs.
http://www.ft.com/home/uk
For our German members :
http://www.handelsblatt.com/
That's going to be a funny weekend for the German government and especially for our hardcore hawkish Bundesbank president interest rate policy makers....