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It would work out very badly. I lack the background or connections to obtain a bailout, and my bank would be too small to be "too big to fail."
by api 8y ago
It would work out very badly. I lack the background or connections to obtain a bailout, and my bank would be too small to be "too big to fail."
- nradov 8y agoYou missed the point. I don't support bank bailouts. But if you manage your bank effectively then you won't need a bailout. You complained about high interest rates for loans. But the main reason that so many banks needed bailouts in the first place is that the interest rates they charged were too low and so they couldn't absorb all the defaults.
- api 8y agoI wasn't complaining about loan interest but about how new money is allocated. It's allocated top down in a way that benefits a politically and economically connected aristocracy.