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The past few weeks have also demonstrated the benefits of the existing system. Excessive risk taking is a human phenomenon. Sometimes that results in a bank fa
by stanleydrew 4y ago
The past few weeks have also demonstrated the benefits of the existing system.
Excessive risk taking is a human phenomenon. Sometimes that results in a bank failure. Sometimes that results in a stablecoin failure.
With the existing system, we have various backstops in place to ensure the return of bank deposits that people assume are safe.
- psychlops 4y agoIf you believe selective political bailouts are a benefit, then you are in an excellent system. > Excessive risk taking is a human phenomenon. This is the exact trait that you do not want in your leveraged banker.