Re:FDIC Takes over Silicon Valley Bank
by hgomersall on Saturday March 11, 2023 @03:14AM
(#35106474)
To a large extent it reflects liquidity demands. When governments are falling over themselves to profess "fiscal responsibility" the liquidity demands are met through private banking.
It is troubling that the debt industry will attempt to increase the total debt in the world however it can. This is like a doctor attempting to increase the total sickness in the world - which is evil (not a word I use lightly, btw). But to say that either debt or medical industries should 'die' because perverse incentives exist seems wrong to me.