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The government can offer loans where they are superior to other borrowers. This is similar to what private equity does to strip assets out from under other bond
by rdtwo 7y ago
The government can offer loans where they are superior to other borrowers. This is similar to what private equity does to strip assets out from under other bond/debt holders but less evil
- bjourne 7y agoIf so, what's the point of having banks in the first place?