That Banking Deal

Good, vastly better than I expected it to be.

One further thought. If those are the minimum haircuts possible, won\’t every bank have to write down such loans to at least those levels?

1 thought on “That Banking Deal”

  1. Could be that the system is designed to impose such stringent terms that no bank will take them up on it – because it indicates they are in trouble.
    Weren’t there some countries in Africa that refused to have their debt written off by the “Make Poverty History” campaign – because it would ruin their credit rating for future loans?

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