Quote:
Originally Posted by Damien
Well I presume it basically reduces the amount needed to bailout the banks, i.e it's more of a write-off. I don't understand it either tbh. That's the only way I think it can work in practise however.
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The only way my head can get round it is to liken it to getting a bank loan for a car and paying the first repayment using money from the original loan