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225 sats \ 0 replies \ @TomK 7 Feb \ on: New York Community Bancorp Cut To 'Junk' By Moody's: 33% Of Deposits Uninsured econ
if I understand correctly, this is a kind of cooperative model. this is something that has been massively propagated here in Germany for decades, but which people with a little sense have rejected for themselves. as you say, pure communism.