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Actually, if you read Nissim Taleb, banks are the most fragile companies. They have capped upside (basically interest rate) , and indefinite downside.
by streetcat1 4y ago
Actually, if you read Nissim Taleb, banks are the most fragile companies. They have capped upside (basically interest rate) , and indefinite downside.
- 55555 4y agoWhich of his books is this from?
- streetcat1 4y agoThe Black Swan, Second Edition. he added a chapter.
- fartcannon 4y agoIn reality, they get bailed out. So there is no downside? They can literally do whatever the they want, get small fines, and if it all falls apart, we just give them more. How many bonuses got paid out of the bailout money?