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Contagion: Chain Reactions and the CoCo Powder Keg
Many Happy Returns
Bankruptcy: The Final Nail in the Coffin?
Banks often own similar assets to each other, don't they? So when you've got a bank that's in distress and is desperately trying to raise capital and just starts flogging the things it owns, obviously. When there's a lot of selling of assets going on in the market, the price comes down. And the other people that hold those assets where the price is falling are often it's competitive banks.
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