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If banks are too big to fail, they should be prevented from pulling this kind of stuff. If it's a truly profitable venture, spin off a startup to do it. If the
by recampbell 17y ago
If banks are too big to fail, they should be prevented from pulling this kind of stuff. If it's a truly profitable venture, spin off a startup to do it. If the startup goes belly-up, bankruptcy can work its magic.
I don't see why the financial world can't do innovation like the technology world, so long as I don't have to bail them out every April 15th.