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Wed 07 Jul 2009Bank repairs may take 'year or two'
THE SWEDISH minister for financial affairs during the country’s banking crisis in the early 1990s has said he would not have considered buying toxic assets from private banks due to the potential risk to taxpayers.
Bo Lundgren, head of the Swedish National Debt Agency, who helped solve the country’s banking crisis between 1991 and 1994, told The Irish Times that governments could afford to make mistakes valuing toxic assets if they nationalised a bank because they owned the lender.
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