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The governor of the Bank of Canada says he will take a tough stand with financial institutions that wind up near bankruptcy because of poor decisions.Mark Carney says the central bank won't bail out Canadian financial institutions like the U.S. government did when the Bear Stearns brokerage, one of the giants of Wall Street, ran afoul of the subprime mortgage mess.
"If you cannot make a judgment (on the value of an asset), you should not own the security," Carney told a Senate committee yesterday.
Wer hätte das gedacht, das es auch Banker mit gesundem Menschenverstand gibt.