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It’s a bailout with the costs borne by other banks. And those costs will be paid by anyone with a bank account.
by nostromo 4y ago
It’s a bailout with the costs borne by other banks.
And those costs will be paid by anyone with a bank account.
- loeg 4y agoThe typical bailout doesn't zero shareholders. Here, shareholders were zeroed. You can call it a bailout of depositors, but the association with bailouts that didn't zero shareholders is bogus.