On Mar 25, 2008, at 8:43 PM, Jon Baranov wrote:
Well good point, but can you show me exactly where a govt takeover incurs more costs than a bailout?
The British gov has assumed the liabilities of NRK. The Fed has created an SIV with the $30b in BSC junk it's taken on, to be managed by BlackRock. We don't know who will lose what on these deals yet.
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