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Irish pushback strategy - we get mail | 305 comments (305 topical, editorial, 0 hidden)
Re: Due Diligence... (4.00 / 2)
So did 80 % of the German voters at the last election. Does that justify telling all German bondholders to take a hike?

No, it does not. Bondholders should be given haircuts in order of their importance for the productive economy, and in a manner that is distributionally reasonable. Widows and orphans should be protected. Bankers should lose their shirts.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sun Feb 6th, 2011 at 06:32:18 PM EST
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Irish pushback strategy - we get mail | 305 comments (305 topical, 0 editorial, 0 hidden)
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