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> I'm sorry, but it is a fact of banking that you can never, ever, admit to having liquidity issues. If it triggers a bank run, then the firm is dead, and, nota
by ralph84 6y ago
> I'm sorry, but it is a fact of banking that you can never, ever, admit to having liquidity issues. If it triggers a bank run, then the firm is dead, and, notably, not only the employees and managers of the firm suffer, but also the clients
I'm sorry, but "we lied to you for your own good" is still lying.
- ddingus 6y agoWhy be sorry? Fact. Conflating an explanation that says why a lie was necessary somehow with the idea of that making it all not a lie happens a lot.