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by koolba
1188 days ago
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> This isn’t “bank fell apart due to bad loans” this is “bank fell apart because money is locked away for 10 years but is basically guaranteed”. They fell apart due to greed. Not being satisfied with low short term rates that matched their short term liabilities. They gambled on longer durations and got burned. It’s not the tax payers responsibility to cover their gambling losses. |
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