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Idk what robustness is saving us from - if you’re big enough, you get bailed out. Amazon is clearly big enough now. There’s lots of bank competition but they st
by vsareto 5y ago
Idk what robustness is saving us from - if you’re big enough, you get bailed out. Amazon is clearly big enough now. There’s lots of bank competition but they still needed a bailout.
- paulryanrogers 5y agoBanks didn't need a bailout. They needed to be allowed to fail. And restore the regulations that would've stopped them from overleveraging so much in the first place. (Or at least prosecute those knowingly involved in subprime mortgages.) Bailouts from taxpayers aren't a sign of robustness either. They are a sign of fragile, easily bought government and large players dominating markets.