3 ms·

> "bank alignment problem" Google didn't turn up much about this, care to elaborate?

• pjc50 4y ago
  It's a term I've just made up, but the problem of ensuring that the interests of your bank - or your fellow depositors at the bank - align with not bankrupting it in the middle of last week.
  • bshipp 4y ago
    This existed from 1933 until 1999 in the original Glass-Steagall Act until greedy bank investors couldn't handle the fact that they were sitting on a huge pile of capital that they couldn't gamble with on Wall Street. Depositors will never be safe until that explicit separation of investment and savings deposits is restored.