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Or JPM coldly calculates that, after this all shakes out, they will account for 30% of the banking sector, and burning $30b now is better than burning >$100b la
by KirillPanov 3y ago
Or JPM coldly calculates that, after this all shakes out, they will account for 30% of the banking sector, and burning $30b now is better than burning >$100b later.
FDIC rescues are paid for by (essentially) a levy on the banks.