With the current concentration of wealth and banking, it almost seems like there is an incentive for banks to ruin themselves when they end up in a little trouble.
If the bank has trouble, shareholders/executives lose - if the banking system has trouble... then QE will solve the bank trouble.
> If the bank has trouble, shareholders/executives lose - if the banking system has trouble... then QE will solve the bank trouble
It's a game of chicken, though. The folks at Lehman and SVB didn't cash out. JPMorgan did. (Both times. Actually, all of the times since 1907.)
Jamie pull up the JP Morgan titanic conspiracy theory
https://www.history.com/articles/titanic-sinking-conspiracy-...
JP threw his own money on the table . Silicon valley's VCs whined for bailouts.
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