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Old 07.10.2016, 00:04
Urs Max Urs Max is offline
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

Quote:
The key new rule is that no bank can be bailed out with public money until creditors accounting for at least 8 percent of the lenderís liabilities have stumped up.
Just for completeness' sake, shareholders must have been wiped out as well. For that reason alone the EU rule is praiseworthy, the UBS bailout couldn't have happened like it did under EU rules.
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