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That is the entire foundation of the economy. It is not dying, but we are all fucked if it does
by FormerBandmate 3y ago
That is the entire foundation of the economy. It is not dying, but we are all fucked if it does
- NotYourLawyer 3y agoNah the government could shore it up pretty easily. Just get rid of the cap on FDIC coverage and bank runs aren’t really a problem anymore.
- rossdavidh 3y agoOne theory is that private equity that needs to find places to invest, will provide the cash, and banks provide the places to invest it. In other words, the taking-deposits and the providing-loans parts of banks would no longer be connected to each other. Don't know if it will actually happen that way, of course.