By allowing you to restructure them before privatizing. The crisis was a failure of gouvernance. Most of these banks were going to and should have failed.
Once it was agreed that they were too big to let the situation run its course, it would have made sense to step in and actually solve the systemic problem.
Once it was agreed that they were too big to let the situation run its course, it would have made sense to step in and actually solve the systemic problem.
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