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The more restrictions they put on the bail-out, the more likely it will emerge as a messy fudge, lacking the wallop necessary to put the banks on a more stable footing.
ECONOMIST: Financial crisis
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The conservative National Action Party has been less critical, but was expected to propose, late this week, a compromise that the government might accept: turn most of the bonds into public debt, but put some of the cost of the bail-out back on to the banks.
ECONOMIST: The politico-biology of Mexico comes apart
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If its enterprise value falls below its liabilities, equity holders will avoid further losses by a "put" to debt holders, meaning they bail out and let creditors fight over the remains.
FORBES: Default-risk bookies