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The sums of debt some of these banks got into swamped their share value, and in some countries were a fair chunk of the GNP. But I certainly wish we had removed
by CJefferson 14y ago
The sums of debt some of these banks got into swamped their share value, and in some countries were a fair chunk of the GNP. But I certainly wish we had removed shareholders from any bailed out bank.
One issue is some banks were on the border on if they needed bailing out, and shareholders might prefer the risk of catastrophic failure than taking a bailout which would lose them their shares.