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Banking in the US is a public-private partnership and has been for over a hundred years. There are no secrets there, for anyone paying attention. I’m curious h
by pgwhalen 4y ago
Banking in the US is a public-private partnership and has been for over a hundred years. There are no secrets there, for anyone paying attention.
I’m curious how you can say there’s no downside a week out of a large bank’s shareholders going completely bust.
- SilverBirch 4y agoThere's downside for shareholders, but not for the employees running the bank. As for the top executives, they may get pain when the bank fails, but payouts for top executives are genreally disproportionately in the good years. So a few good years of high yields are probably a financial incentive that overwhelms the risk of eventual ruin.