Re:Devaluation is austerity done right
by Symmetry on Thursday June 14, 2012 @11:01AM
(#4111619)
Good question, but I think the important thing to reduce moral hazard is that the bank's investors or creditors take it on the nose, not that we allow the bank itself to collapse. Still, it is a more complicated question for the US than for Iceland.
[ Parent
| on HN ]
There are no comments on this comment yet.