Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Absolutely right.  People are not really trying to pay back their bankers.  They are selling assets, however, and bankers are being repaid incidentally because they hold liens on any of those assets.  They're not being repaid all they were owed, but, nonetheless, they are gaining cash that they could lend if they wanted to.
by santiago on Thu Sep 3rd, 2009 at 11:16:27 AM EST
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