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Isn’t this what happened with the credit default swaps? Banks found ways to lend money and pass the rush between them, causing failure for everyone. Yet here we
by gpapilion 3y ago
Isn’t this what happened with the credit default swaps? Banks found ways to lend money and pass the rush between them, causing failure for everyone. Yet here we are again with a new version of the same issue.
- sooheon 3y agoEven dumber. Because this time it's not the banks outsmarting regulators with opaque products, it's the regulators themselves saying "lend all you want, we'll back the loan!"