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by ethanbond
1199 days ago
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Why? Why don’t you see it as a financial institution taking on a bunch of risk and a regulator attempting to mitigate that risk, then when that risk materializes the public has to step in anyway? It’s the archetypical story of financial history for thousands of years. You can tell that’s the case because we even have FDIC and it is able to shut down a bank on Friday and open it back up on Monday. Literally the oldest story in the book! |
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