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Zombie Banks Scandinavian Edition

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DEPT. OF ZOMBIES
"The term ‘Zombie Bank’ was popularized during the S&L crisis by Edward Kane to connote banks which continued to operate but only as a result of government largesse as they were effectively insolvent," writes Edward Harrison at Credit Writedowns. "But what happens when the economy... turns down or asset prices fall? That’s when day turns to night and the zombie banks come out of their holes and terrorize the town."

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