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2012 April

Recovery & Resolution & Insecurity

April 17th, 2012

In a regime of “too big to fail” the taxpayer bailed out banks. Whilst expedient at the time this led to the perception that the larger a bank was the safer it would be. Many large depositors pared back their counterparty list just to deal with 3 or 4 “prime” names. But large banks took […]

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