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Are you expecting gasps of horror in response to your simplistic statement? Oh, no, not the state! Not everybody here is an anarcho-capitalist.

• quickthrower2 9y ago
  No not expecting gasps of horror at all! Just saying the bank can be bailed out and consumers expecting this can feel a bit safer with their deposits
  • rspeer 9y ago
    Oh, I apologize for misinterpreting you. So many of these threads end up with people who think they can replace government with Bitcoin, and I read it in that tone. Incidentally, I believe that there is also a considerable amount of private insurance involved in banking.
    • quickthrower2 9y ago
      Thanks to be fair my comment was short and mysterious and in the context of the HN community it's probably been taken the less charitable way. In the UK there is deposit insurance provided by the government as the last stop and that's an amount per financial institution.