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>This is huge; this is what prevented the financial crisis Hey, I hate the anti-bank sentiment as much as anybody, but you do realize that every asset they sol
by hnnewguy 12y ago
>This is huge; this is what prevented the financial crisis
Hey, I hate the anti-bank sentiment as much as anybody, but you do realize that every asset they sold by Goldman required a buyer, right? So, it prevented nothing, just moved the risk onto someone other institution's balance sheet.