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Lehto Group applies for corporate re-structuring

The Finnish construction group filed for re-structuring a week after three of its key subsidiaries had been declared bankrupt. ....

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CNN Erin Burnett OutFront June 4, 2024 05:09:00

Are gonna pay for? but we don t know quite exactly at with silicon valley bank, and with silver, case to what extent taxpayers will be on the hook. i think we don t have any indication that will necessarily be the case. to be clear, the deposit insurance fund, which is going to be used is paid for by tax on bank deposits. guess what, all of us tech payers we also have deposit accounts that we pay for. i think this is not a traditional situation and watch the traditional use of the term where we re talking about the executive doesn t get held accountable. our people get let off the. hook it s not what s happening yet. and i hope it doesn t happen. will fight like to make sure doesn t happen. i think here, or trying to use the deposit insurance fund tool that it wasn t designed. four and giving that we re creating a precedent. lead us into fundamentally rethinking and re-structuring how we do banking in this country. certainly, this gives ....

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