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Oddly, I read last week that Enda Kenny was prescribing that smaller or secondary Irish banks holding the nation's bonds be dealt haircuts.

Are we talking about specific banks or about subordinated debt holders regardless of who they are?

Economics is politics by other means

by Migeru (migeru at eurotrib dot com) on Mon Jun 13th, 2011 at 04:27:30 PM EST
[ Parent ]
Banks. He specifically mentioned banks.
by Upstate NY on Mon Jun 13th, 2011 at 11:00:00 PM EST
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