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I don't think it is a bailout. Doesn't the company have to survive to be a bailout?
by cameronfraser 4y ago
I don't think it is a bailout. Doesn't the company have to survive to be a bailout?
- synu 4y agoThere were two groups that could receive a bailout - owners of the bank, so the bank could survive, and depositors who had deposits larger than the insured amount. Only the latter received a bailout and were made whole beyond their level of insurance.