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MtGox is an exchange, not a bank. I'm mentioning this because there is an important third person with a bank: the customer, not the investor. With mtgox, every
by stingraycharles 13y ago
MtGox is an exchange, not a bank. I'm mentioning this because there is an important third person with a bank: the customer, not the investor.
With mtgox, every customer is an investor. When bailing out a bank, however, the rationale is often to help out the people who cannot be blamed: the customers.
I'm still not claiming that bailing out I banks is a good thing, but the comparison you make is a small apples/oranges thing.
- cheez 13y agoThis sounds a lot like the too big to fail argument and so it is not an apples/oranges thing. It's a sliding scale and the only reason it seems like it is apples and oranges to you is precisely because MtGox isn't big enough. I'm not saying that customers of a bank should suffer for the investment side but let the investors suffer for their bad investments, if the political will is there.