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Yeah we are defining "banks" differently - I was considering both "investment banks" and "retail banks" as types of banks. You are right that retail banks haven
by lacker 18y ago
Yeah we are defining "banks" differently - I was considering both "investment banks" and "retail banks" as types of banks. You are right that retail banks haven't suffered as much, but considering Washington Mutual and Wachovia collapsing and several others signing on to the government equity purchase program, they're definitely costing the taxpayer more than hedge funds are. So far, at least....