Re:Tech experts urge Washington to resist crypto industry’s ...
by bko on Wednesday June 01, 2022 @08:53AM
(#31581103)
That's the status quo. A handful of entrenched banks consume all the data and share with state officials when asked (and increasingly advertisers). In return, every 10 years or so, there is a big bank bailout. If they get in trouble trillions in newly created dollars are used to buy assets the banks hold on their balance sheet to avoid a panic.
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