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A comment on SVB does not deserve a bailout. They DID NOT hedge interest rate risk at all. Parent comment
In the United States, banks can empower the government in such a way as to crack down on 'problematic' things without a direct Constitutional crisis.
See Bank of America voluntarily handing the FBI their firearm related transaction dataset.
Private industry goves government a plausible deniability proxy in short.
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In the United States, banks can empower the government in such a way as to crack down on 'problematic' things without a direct Constitutional crisis.
See Bank of America voluntarily handing the FBI their firearm related transaction dataset.
Private industry goves government a plausible deniability proxy in short.