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Yes An alternative is to bankrupt the partners, cancel the shares, then take action for depositors That is what did not happen in 2008
by worik 4y ago
Yes
An alternative is to bankrupt the partners, cancel the shares, then take action for depositors
That is what did not happen in 2008
- boeingUH60 4y agoThis is exactly what's happening here. Equity investors have lost their shirts. The government protection is only for depositors.
- worik 4y agoI hope so. But we have not seen that yet. Have the shares been canceled? Are the partners bankrupted? Too soon to tell. Remember AIG