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> But if they simply don't have at least 100% of their liabilities in assets, then they are bust. Only when we find out!
by marvin 5y ago
> But if they simply don't have at least 100% of their liabilities in assets, then they are bust.
Only when we find out!
- Closi 5y agoWell usually banks have huge audit requirements and are covered in regulation to avoid this happening (after learning what happens when you have entirely unregulated financial institutions)