>That crisis—in which Swedish authorities swiftly wrote down bad assets, moved them into a “bad bank” and recapitalised the remaining “good bank”—informed many

>That crisis—in which Swedish authorities swiftly wrote down bad assets, moved them into a “bad bank” and recapitalised the remaining “good bank”—informed many of the bail-outs in the 2008 financial crisis. I don't know where this came from. The swedish example was brought up many times during the crisis but always to argue that we should be doing what they did (wipe out the equity) and not what was effectively done (prop up the banks).