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But the Irish bailout showed that solvency can be a question of judgment rather than precise rules, while the concept of eligible collateral is similarly elastic.
WSJ: Now We Are Seeing Politics in the Raw
The question becomes how much more the lender wants to spend on legal fees to gain clear title to the collateral.
FORBES: Court Decision Gives Lenders A Headache, Borrowers An Ace In The Hole
The question a banker asks will not be what is the interest rate they will charge and what is the collateral.
ECONOMIST: A reader debate on Islamic finance
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