
After Hours Special: The Crisis in Banking
After Hours
Is There a Recession in the Banks?
Banking as an industry and system is going to be considerably less profitable than it was because of these kinds of stories. There's hidden costs that we don't account for if we don't plan for future bank runs like the last couple of weeks. So I think you're absolutely right. It might be socially optimal to actually perhaps have all these regulations in place, but there are lots of jobs on the line.
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