- Thetroubleisthatthesponsorsofthebailoutfundarethemselvesbigdebtors.Theywrotethatpolicymakers,usinganexpandedEuropeanbailoutfund,couldendtheGreekpanicbyofferingtoswapexistingGreekbondsfornewlyissuedbailout-funddebtatasteepdiscount.PresidentBarackObama...
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- Theauto[bailout]setsaprecedentIdon'tmuchlike.America'sbankbailoutplanwasthecatalystforthecurrentbounce.Incontrast,abailoutforcesunwittingtaxpayerstofootthebillforGreece'sSINS.Thetroubleisthatthesponsorsofthebailoutfundarethemselvesbigdebtors.Iowna...
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