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Bailout
: MacroprudentialDon?t lend money to friends, EU edition
By Felix Salmon
If you borrow a lot of money from a friend, or lend a lot of money to a friend, then ultimately your friendship is likely to suffer. The same dynamic is now at work in the EU.
Full post as published by Macroprudential on May 10, 2010 (boomark / email).
Wesley A. Snyder et al.
alleging the consultants perpetrated a Ponzi scheme by encouraging borrowers to lend more than they needed.
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