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The solution is to have the government take over their liabilities, while their bondholders keep the assets?
by byrneseyeview 18y ago
The solution is to have the government take over their liabilities, while their bondholders keep the assets?
- gaius 18y agoYes that doesn't seem right. About the best thing for the taxpayer-voters the government could do would be to asset-strip the Big Three and any value extracted put into the public purse.