Tuesday, October 20, 2009

Finance Minister: Bankruptcy of bank was unavoidable


Finance Minister Wouter Bos has said that the bankruptcy of the DSB Bank was unavoidable. The bank had too little liquid funds, could not attract any capital, and had claims from angry clients. He added “when a swimmer drowns it is because he cannot swim and not because nobody saved him.”
www.volkskrant.nl/economie/article1305090.ece/Bos_situatie_bij_DSB_Bank_was_onhoudbaar

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