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Yeah, what's stopping the banks from investing in many more "low risk" endeavours if they never have to pay for their mistakes and failures?
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Yeah, what's stopping the banks from investing in many more "low risk" endeavours if they never have to pay for their mistakes and failures?
Oef! Since the government is guaranteeing deposits, nows a good time for banks to claim they're in trouble and secure some liquidity, moral hazard is a hell of a drug