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When you noodle around in the market "to do what's right", you end up creating a new set of problems down the road when the expectation of getting bailed out be
by panphora 4y ago
When you noodle around in the market "to do what's right", you end up creating a new set of problems down the road when the expectation of getting bailed out becomes part of the market's future calculations.
See: FED keeping rates low for over a decade leading to complacency at banks who assume if things get really bad, FED will pivot rate hikes and they'll get bailed out again.