Re:Reasons the banking crisis isn’t a repeat of 2008
by olalonde on Friday March 24, 2023 @10:50PM
(#35298763)
It amuses me when people sometimes blame capitalism for bank failures, considering that banks are essentially governmental institutions with extra-steps. They're literally encouraged to engage in practices, such as fractional-reserve banking, which would be considered fraudulent or a scam in any other context. And to add insult to injury, they get bailed out when they lose their risky bets.
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