Has spent more than $124,000 this year on lobbyists and

20.07.2012 10:56

And the decision to rescue BES fails to address the problem I raised in my previous posts about BES (see reading list below), namely the moral hazard that setting such a precedent creates for non bank conglomerates with embedded banks. Yes, those responsible for the failure of BES may face litigation at some point. But from the record of the last few years, I am not hopeful that it will succeed.

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