ItsMe on Nostr: This isn't quite the same as 2008. This is just covering the depositors. In ...
This isn't quite the same as 2008. This is just covering the depositors. In 2008-2011, we gave the banks trillions of dollars so they'd pass their capital standards tests and look healthier than they were.
I still think there's a moral hazard here. How many future bankers will rely on today's decision to justify taking more risks with depositors' funds?
Published at
2023-03-13 01:27:18Event JSON
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