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b_b  ·  603 days ago  ·  link  ·    ·  parent  ·  post: Credit Suisse Bond-Wipeout Threatens $250 Billion Market

They were wiped out mathematically, not legally, which IMO is different. You can make a fantastic technocratic argument that they did the right thing. I'm just increasingly uncomfortable with the lack of adherence to the rule of law in the West. That's supposed to be what separates us from the autocracies of the world.