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But more affected than they would be if depositors finally learned the lesson that bank deposits are not risk free.
by tome 4y ago
But more affected than they would be if depositors finally learned the lesson that bank deposits are not risk free.
- furyofantares 4y agoNo, depositors learning that banks aren't safe is in fact real bad for banks (and everyone else).
- tome 4y agoIs it? Why?
- ummonk 4y agoNo that's exactly the lesson that they (the banks and the government) don't want people to learn. That lesson had started causing a run on every single bank except the very largest mega-banks. Stability and trust in reputable banks is not zero-sum - it benefits everyone.
- tome 4y agoI suppose it's possible that they don't want people to learn it, but if that's really true then the western banking system is in a lot more trouble than I even thought. The idea that learning a basic truth should completely undermine confidence is shocking. Perhaps I've been wrong to be a cryptocurrency skeptic all this time.