Bank insurance levy gaining support

The BBC is reporting a story titled “Bank insurance levy gaining support at Davos“, noting that politicians and bankers have supported the idea for an insurance fund that would bail out banks instead of taxpayers.

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Insolvent Haiti’s post-disaster debt

The recent earthquake in Haiti is a disaster of epic proportions. It is a humanitarian disaster with an estimated 200,000 dead. It has also caused a catastrophic collapse in confidence in the Haitians’ ability to repay their debts. Haiti is now an insolvent sovereign, by way of natural disaster.

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