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Well, there's no legal basis for refusing to put insolvent banks through bankruptcy either. The ECB is pretty transparently making shit up as they go along and only applying the rules that it finds convenient.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sat May 7th, 2011 at 10:20:48 PM EST
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