Austria "Bad Bank" Goes Bad, $8.5 Billion "Bail-In" Underway
MishTalk
MARCH 1, 2015
Today we see yet another failure of the construct. The step, allowed by new legislation that gives banking supervisors more power to intervene, followed an outside audit of Heta''s balance sheet that exposed a capital hole of up to 7.6 In an absurd statement, the finance ministry added "Heta was not insolvent".
Let's personalize your content