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Loan Modification

: Mortgage Lender Implode-o-Meter

AMAGERBANKEN - $2.8 Billion Bank Failure In Denmark: Senior Bondholders Whacked 41%

By Implode-Explode Heavy Industries

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``According to Bloomberg, senior bondholders and depositors over the insured limit will face losses of approximately 41%... For two years, central bankers and government finance ministers (who know next to nothing) have been claiming that the sky will fall and there will be tanks in the streets if bondholders are forced to take losses. Clearly that is not the case. First Iceland, then Denmark, then Ireland. After that, the race is on. ''

Full post as published by Mortgage Lender Implode-o-Meter on February 09, 2011 (boomark / email).

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