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I think you're making mountains out of molehills. If you believe all that then it sounds like you should invest 100% of your assets in systemically important b
by RandomCitizen12 2y ago
I think you're making mountains out of molehills.
If you believe all that then it sounds like you should invest 100% of your assets in systemically important bank stocks. If they have literally zero risk due to unending bailouts then your risk-adjusted returns will be amazing.
- gojomo 2y agoThat'd be a good plan, if you could count on the loot flowing fairly & proportionately to any commoner who buys shares on the public markets. But in a rentier racket this big, that doesn't happen. Large amounts go to management insiders, or are kicked-back to politicians & their allies or pet causes via donations or sweetheart deals to favored projects – which might show up as "losses" on "failed projects" eventually, but hey, it can all be covered out of the privileged rolling take from everyone on the outside.