> Paritate is dead. What is the first thing every account holder is going to
> do? pull out their money. Even if the situation gets resolved, no one is
> going to trust Paritate any more. This is one of those things you don't let
> happen. ONce it happens, the bank is dead. Even if someone bought the bank
> at this point, they would be buying an empty box. They would really have to
> do some fast talking to keep even 10% of their accounts in the bank.
I understand your point, but a rescue package from another buyer is often an optimum
solution for everybody. Just a couple of years ago the Riga Commerce Bank went through
similar problems but was bought out by a German bank and now everybody is happy.
offshoresurfer
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