Most people would agree that the bank collapses started the economic bust - mostly via the exchange rate.
But what were Hippo's options besides bailing out all depositors? If he didn't bail them out, what would the consquences have been? Would it have adverted the exchange rate delimna?
Can the bank failures themselves be attributed to Hippo by not acting on warnings? There were rumours around for 1 year before Bankinter actually went bust.
Just wanted an overall review of this, please give me some ideas what you think.
But what were Hippo's options besides bailing out all depositors? If he didn't bail them out, what would the consquences have been? Would it have adverted the exchange rate delimna?
Can the bank failures themselves be attributed to Hippo by not acting on warnings? There were rumours around for 1 year before Bankinter actually went bust.
Just wanted an overall review of this, please give me some ideas what you think.