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In response to "I’m curious as to the negatives because it seems logical and reasonable. -- nm" by Will Hunting

If it’s voluntary no one will do it because they know the government will bail them out if it comes to it (see last week)

If it’s involuntary, it gives the banks carte blanche to do all sorts of stupid shit again because they know their customers will be protected and politicians won’t yell at them about losing bond/stockholder money.

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