Posts Tagged ‘Stromme Foundation’

The pain of failure: Liquidation lessons in microfinance

The pain of failure: Liquidation lessons in microfinance
By Daniel Rozas in Brussels Microfinance Focus, Sept. 16, 2009: When Washington Mutual, one of the largest US banks, was shut down in September 2008 following the sub-prime crisis, its depositors and secured creditors suffered no losses, though shareholders and unsecured creditors lost around $12 billion. That was still about 4 per cent of the company’s assets. However, ... Full story
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