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A comment on SVB shows that there are few libertarians in a financial foxhole. Parent comment

Re:SVB shows that there are few libertarians in a financial ... by enaaem on Tuesday March 14, 2023 @10:52AM (#35152423)
The issue with that is that there’s often no adequate compensation for damages done. Individuals can get extraordinary rewards for high risk behaviour and positive tail outcomes but there is a limit how much you can take from them in case of a catastrophic (societal) outcome. Regulation is really the only way manage this asymmetry.
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Re:SVB shows that there are few libertarians in a financial ... by tracker1 on Thursday March 16, 2023 @06:59PM (#35190131)
"Regulation" is what created those limits... Of course, the true limit being, the loss of their wordly posessions and assets, and possible jail time for anti-trust action. Lack of regulation defaults to common law, which is as much as possible restoring those harmed by those responsible.
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