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> "Are you suggesting tens of thousands of small business customers need to do due dilligence on the investment practices of their banks?" Yes, this exactly wh
by ashwagary 4y ago
> "Are you suggesting tens of thousands of small business customers need to do due dilligence on the investment practices of their banks?"
Yes, this exactly why millions of people, not just businesses, avoid banks like Bank of America and Wells Fargo. They review how they have historically operated and what risks they passed on to their customers.
- gnicholas 4y agoInteresting take — I imagine these banks will be getting net inflows as a result of this fiasco because people will assume (perhaps correctly) that they are too big to fail.