Executives collected generous bonuses, and equity holders were protected by limited liability.

But, while debt forgiveness benefits holders of both equity and debt, debt holders don t voluntarily agree to it for two reasons.

Japan recapitalized its banks in 1998, but did not wipe out equity holders.

Based on those values, contracts with existing equity and debt holders should then be restructured.

Under Chapter 11, companies with a solid underlying business generally swap debt for equity. Old equity holders are wiped out and old debt claims are transformed into equity claims in the new entity which continues operating with a new capital structure.

So the lesson is that we must allow equity holders to lose money sometimes in order to maintain a healthy financial system.

Today s financial firm equity and bond holders must bear the main cost, or there is little hope they will behave more responsibly in the future.

If the losses are big enough that existing equity and debt holders are wiped out, government insurers should make up the difference to protect depositors.

Ordinary, very ordinary.

Substantial net worth is often required of investors by the law, since private equity funds are generally less regulated than ordinary mutual funds.

This means that the Irish government (maybe the next one) should demand that holders of bank bonds share the losses, perhaps by offering them a simple debt equity swap.

Reports of mandate holders

Special procedures mandate holders

In 1992, Sweden s central bank, the Riksbank, allowed private bank equity holders to be wiped out, but it rescued depositors and creditors by buying up risky assets of failing institutions.

Ordinary.

holders of high national office

(a) Appointment of mandate holders

Total, scholarship holders 2 630

In 1992, Sweden s central bank, the Riksbank, allowed private bank equity holders to be wiped out, but it rescued depositors and creditors by buying up risky assets of failing institutions. Sweden recovered.

A very ordinary road accident a very ordinary car swerved off its route in a very ordinary way, and crashed in a very ordinary way into a taxi, very ordinary.

Meeting with special procedures mandate holders

Time frames, office holders and priorities

Reports of mandate holders 41 13

I mean, they're just place holders.

Ordinary Laws

It's equity.

I want to talk about something really ordinary, just ordinary sand.

It all started on an ordinary day... in an ordinary place...

23 Bond holders were offered three options.

C. Selection of special procedures mandate holders

Segment 2 working methods of mandate holders

Holders of promissory notes and negotiable documents

C. Interaction with special procedures mandate holders

Trite. Ordinary. Childish.

He is ordinary.

Don't be ordinary.

You're just an ordinary little girl living in an ordinary little town.

Start with equity.

That's my equity.

liabilities plus equity.

This was equity.

liabilities plus equity.

That's my equity.

Everything on the right hand side is equity, so this is all equity.

Time frames, office holders and priorities for implementation