The author attempts to put a case that would essentially place liability on the bondholders that finance banks upon the occurrence of financial crisis. This would depart from the common practice in which the bank bondholder is protected and safe from the adverse effects that hit the financial world upon collapse of the system. He equates this latter practice to impunity and signals its end in the events that characterize the Spanish financial system where the bank financiers are likely to suffer losses. The developments in America and Europe have seen the attempt by policy formulators to amend the law ...
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