backdoor bailout
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Many people saw the bailout of AIG as a backdoor bailout of its big bank creditors.
FORBES: Is Ireland Europe's AIG?
Many have called it, and the collateral payments, a backdoor bailout of the banks, however.
FORBES: Did Goldman Benefit The Most From AIG Bailout?
So the backdoor bailout of Bankia could actually hasten the day when Spain asks its EU partners for a bailout.
BBC: No magic potion for eurozone banks
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