So a bank orders a hedge fund to fail, why do we care?
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Because with this change in the rules the FDIC is on the hook,, and we are the FDIC.
What could possibly go wrong ,, if they win they win , if they lose WE pay them... surely GS won’t take advantage of us..
The FDIC is not on the hook because one bank ordered (funny idea by the way) one hedge fund to fail.
and we are the FDIC.
Banks are the FDIC.
What could possibly go wrong ,, if they win they win , if they lose WE pay them...
What could go wrong with your silly scenario? LOL!