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If they had more capital, wouldn't that have made them _less risky_? Sounds like a tautology!
by MrLeap 4y ago
If they had more capital, wouldn't that have made them _less risky_? Sounds like a tautology!
- vineyardmike 4y agoThey can be risky for other behavior, necessitating capital. If they held less "risky" securities, they wouldn't need incoming cash. Cash makes the risk go away, but so does holding other better assets.