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So it seems, in essence, that the fundamental issue is that MtGox became "Too big to fail," and this is what the repercussions on a currency market of the failu
by fixermark 13y ago
So it seems, in essence, that the fundamental issue is that MtGox became "Too big to fail," and this is what the repercussions on a currency market of the failure of a large and trusted institution look like.
It's an interesting object lesson for armchair economists, and I'm sure some hay will be made drawing comparisons to the US housing market crash and the value of the dollar.