Our government broke my dishwasher and now they're going after my gas stove and washing machine.
Biden can't tie his fucking shoes. Biden might be able to shit his pants, and that's about it.
Too bad the headline doesn't have the names of the jews who actually did it.
yeah, he pretty much did.
By making it clear that any bank can behave anyway it wants and depositors won't suffer, all banks become the same to everyone. And the costs of the bailouts will be distributed among all the other remaining banks in fees, that means that all banks are essentially the same to everyone, and the most responsible ones that take the least risk, will live longer and pay more fees as the riskier banks take risks and get more profits, or have the costs of their failures put on those who live didn't take risks.
This bailout structure sets up an incentive death pill to the entire system. Then I'm sure they will say, hey wouldn't it be better to just have a Centralized digital currency and a bank that can't go bankrupt? what's the difference if the Gov is going to or (has to) save a bank every time it fails right? Besides capitalism bad...socialism good. Government good. big government better.
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