Edward J. Kane

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Last quote by Edward J. Kane

Far from illustrating how a resolution should proceed, the delays established by the burn-through of Emergency Liquidity Assistance and the dishonest grading of Banco Popular's last stress test made it possible for a number of savvy unguaranteed creditors to get out. A crisis is a battle over loss distribution. All this crisis and liquidity assistance helps some people get out of their losses.feedback
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Jun 23 2017
Edward J. Kane has most recently been quoted in an article called Lessons From the Collapse of Banco Popular. Edward J. Kane said, β€œFar from illustrating how a resolution should proceed, the delays established by the burn-through of Emergency Liquidity Assistance and the dishonest grading of Banco Popular's last stress test made it possible for a number of savvy unguaranteed creditors to get out. A crisis is a battle over loss distribution. All this crisis and liquidity assistance helps some people get out of their losses.”.
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