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"As long as the music is playing, you’ve got to get up and dance." https://en.wikipedia.org/wiki/Charles_Prince#Credit_crisis https://en.wikipedia.org/wiki/Char
by sbierwagen 5y ago
"As long as the music is playing, you’ve got to get up and dance." https://en.wikipedia.org/wiki/Charles_Prince#Credit_crisis https://en.wikipedia.org/wiki/Charles_Prince#Credit_crisis
Publicly traded banks have an obligation to their shareholders to make money. Nobody wants to be the first to abandon a profit center. A classic multipolar coordination trap that, theoretically, governments are here to fix.
- missedthecue 5y agoWhy will my credit union do this? Why will state run banks in other countries do it?