The mother of all golden parachutes »
Posted By populist 1 month, 4 weeks ago in PoliticsSuch a massive bailout of the whole banking system has never been adopted in any country before. Banking bailouts should not fall under the jurisdiction of the Treasury, and should remain confined to the jurisdiction of the central bank. Ailing banks should be treated on a case-by-case basis, and not in a systemic way. Solutions have to be addressed at each ailing bank level.
Recapitalization has always been the responsibility of shareholders.
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