3 ms·
The above explains how the system is flawed and the solution is not to throw public funds at banks to in a way reward risk taking. I don't generally support bai
by trompetenaccoun 4y ago
The above explains how the system is flawed and the solution is not to throw public funds at banks to in a way reward risk taking. I don't generally support bailouts.
Again, the system is intentionally made this way. Insurance would not even be needed if safer banking models were approved, which they're not.