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A comment on Square Banking. Parent comment
However, you don't account for credit risk whereas the st louis fed rates are based on existing bank small business loans which are very conservative.
Presumably the expected defaults on Squares product would be very very high.....
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However, you don't account for credit risk whereas the st louis fed rates are based on existing bank small business loans which are very conservative.
Presumably the expected defaults on Squares product would be very very high.....