Is It a Bail in or a Blunder Out?

Bale out is when a bank goes under and the government gives it emergency funds. But bail in, or fail illy, involves depositors getting their money converted into stock that they can vest for years to come. The centralization of financial institutions means there's not enough free market competition between banks - which leads to problems like this. Nina dos Santos: Centralization only exists because banking systems have become so centralized. She says decentralized alternatives such as bion are superior.

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