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Tue 03 Mar 2009Toxic property company discussed as alternative to bad bank
ANALYSIS:Scheme is similar to the solution Sweden used to fix its banks in 1990s
THE DEAL between the British government and its two most troubled banks – Royal Bank of Scotland and Lloyds Banking Group – to place £585 billion of toxic assets into a risk insurance scheme raises the question about whether such a plan could work for Irish banks.
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