1307, King Philip IV of France owed The Poor Fellow-Soldiers of Christ and of the Temple of Solomon aka the Knights Templar are large sum of cash and tortured them into false confessions and had them burned at the stake! A very popular solution to banking even back then.
In 1492 King Ferdinand and Queen Isabella of Spain had maxed out their Credit Cards riding the Moors of Spain, so expelled their bankers from the country.
Extreme, heavy handed, draconian, but perhaps something better than what is being suggested at present. And a question to ask? If setting up a toxic bank (asset agency etc) is such a smart idea, why hasn't anyone done it yet?
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