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by ceejayoz
1185 days ago
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If someone decided I had to pay my entire mortgage tomorrow, I'd need an intervention of some kind. This doesn't mean I can't pay my mortgage. The banks have enough confidence the bank is solvent to risk losing at least part of $30B to prevent a bank run, which can be self-fulfilling prophesies. We've seen stuff like this pretty recently in other venues; people were getting into fistfights over toilet paper in 2020. It didn't mean we'd always be short on toilet paper; it was a panic and short-term issue. |
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