Excellent thought process. It does make sense for the government to step in to prevent contagion, but they did not do it this early in the GFC. Your point about equity holders and creditors vs depositors is a key difference. And this bank is something of a lifeblood for a key segment of our productive economy.
Excellent thought process. It does make sense for the government to step in to prevent contagion, but they did not do it this early in the GFC. Your point about equity holders and creditors vs depositors is a key difference. And this bank is something of a lifeblood for a key segment of our productive economy.