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Comment: Yeah good news ok.....for bankers

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Yeah good news ok.....for bankers

1. Recapitalization. That's the war lost right there.

2. Conversion of liabilities into regulatory capital? All I read there is certain investors get preferential treatment over depositors and the debt itself becomes a blunt instrument in the hands of government.

3. Less risk to taxpayers really means insolvent businesses file for bankruptcy not 5 martini lunch expenses.

Most of those who think so actually don't and most people who think sew actually rip.