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What is the counter argument to this? If banks cannot actually fail, and can profit wildly regardless of their performance and risk aversion, aren’t they alrea
by wunderland 4y ago
What is the counter argument to this? If banks cannot actually fail, and can profit wildly regardless of their performance and risk aversion, aren’t they already nationalized in the worst of times? Seems only fair that the taxpayers also share the gains in the best of times.
- zamnos 4y agoSVB failed. If you held any shares of SIVB on Thursday, they are now worth, literally, $0.