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> I don't think these organizations, not exactly known for their civic-mindedness or charity, would risk any of their own precious liquidity without assurances
by naasking 4y ago
> I don't think these organizations, not exactly known for their civic-mindedness or charity, would risk any of their own precious liquidity without assurances or incentives from the government.
The spectre of more regulation given all of the recent failures from 2008 to today has them spooked I bet.
- tablespoon 4y ago> The spectre of more regulation given all of the recent failures from 2008 to today has them spooked I bet. Exactly. Also probably the fear of a wider contagion contained by a government response that leaves the shareholders and executives high and dry (rather than the comfortable 2008-style bailouts). It's not in anyone interest for this to blow up further, which could spur fundamentally selfish organizations into seemingly altruistic action.