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I don't think the parent was endorsing this approach. It seemed like the opposite to me.
by mehrdadn 7y ago
I don't think the parent was endorsing this approach. It seemed like the opposite to me.
- TuringNYC 7y agoCorrect. I'm the parent. Not endorsing this. Just accepting the reality. Most off our TBTF bailouts were unnecessary in my opinion, or if actually necessary, the bailouts were insufficiently punitive to investors. Most of it comes down to the political power and DC influence of the company management.