ST Alpha - "As someone who has avoided crypto and has a rock solid bank and less than $250k in cash, I'm entertaining arguments for "let it all burn down" -- nm" (Reading a Post)

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As someone who has avoided crypto and has a rock solid bank and less than $250k in cash, I'm entertaining arguments for "let it all burn down" -- nm

Posted by rollo Mar 20 '23, 09:29

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Responses:

Consumer banking is not the moneymaker for these firms, its all the investment arms. -- nm - budice Mar 20, 09:39 2
- Could nationalize or non-profit these operations. Get regular banking away from the riskier sides of the business. -- nm* - budice Mar 20, 09:39 1
  - That *was* the law..wonder why they changed it. -- nm - zeitgeist Mar 20, 10:23
The problem with that idea is the people at the top still won’t pay as heavy a price as those below. -- (edited) - znufrii, meh and problematic Mar 20, 09:38
It would cause catastrophic economic damage and job losses. -- nm - Beryllium Mar 20, 09:35
the regs never should have been rolled back but the problem is a fire above $250k inevitably spreads -- nm - hollywood big shot Mar 20, 09:34 3
- To whom and in purely self-interested terms, do I care? -- nm - rollo Mar 20, 09:41 2
  - You. Me. All of us. -- nm - ty97 Mar 20, 09:42 1
    - In increased taxes? -- nm - Epiphany Mar 20, 10:14

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