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Indeed there was no reason not to wipe out the equity holders of the banks as part of the deal, and take that as government upside.
by justincormack 12y ago
Indeed there was no reason not to wipe out the equity holders of the banks as part of the deal, and take that as government upside.
- rayiner 12y agoWhen financial services is a huge part of your GDP, and your country depends on a steady flow of investor dollars to keep the economic engine running, yes, there's a lot of reason not to wipe out equity as part of the deal.