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Sharp Tech with Ben Thompson
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The US Government Can't Actually Infuse Equity Into the Banks
The US understands, I think at a very deep fundamental level, the extent of control it exerts over the world via controlling the dollar. The Fed actually cannot put in an equity backstop to these banks. That would actually be what would solve the crisis right now. But you just fundamentally cannot have a system of basically infinite insurance on one side and no restrictions on risk taking on the other.
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