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Indeed. I'm not saying the investors didn't have downside. Many did, and many of them lost everything (as they should have). But the public also bore a tremendo
by TravisLS 8y ago
Indeed. I'm not saying the investors didn't have downside. Many did, and many of them lost everything (as they should have). But the public also bore a tremendous cost, and that makes the threat of another such crisis a public issue.
- munk-a 8y agoAdditionally, if the public at large is losing then someone out there is winning and that entity will see these crisies as profit opportunities instead of disasters.
- abakker 8y agoAs a high schooler, I remember buying citi stock for $2.60 or something like that. Just an anecdote, but my teenage self just said, “come on. It’s still a bank!”