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Iceland’s response to the economic crisis ~ What can we learn

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Jun 172012
 

The ascertain here is that during the housing/derivative/financial crisis, bailing out the banks was NOT the ONLY solution. It was merely the best solution for banks that by-and-large caused the crisis. The victims of the crisis, the home owners, did not benefit from the bank bailout. Their debt remained essentially the same.

 Posted by Brent at 6:19 am  Tagged with: economics, Iceland

This mean anything?

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