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what? banks just lend money and are scared of defaults. what do banks have to do with this? the power company is complicit by providing electricity too? if you
by MrMan 6y ago
what? banks just lend money and are scared of defaults. what do banks have to do with this? the power company is complicit by providing electricity too?
if you against banking, you have bigger fish to fry
- swader999 6y agoEver since Clinton repealed Glass Steagal, banks have been able to offer both commercial banking and investment banking. And they aren't really scared of defaults when they are too big to fail.
- xnyan 6y agoBrokerage firms are backed by banks, and if a brokerage firm was somehow small enough that they couldn't provide the liquidity to cover the trades, then the banks backing them are on the hook.