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03-21-2012, 08:20 PM
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I think this line's mostly filler.
Join Date: Jan 2003
Location: DC
Posts: 13,575
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Actually, the size of the banks is what allowed them to successfully pressure Congress to allow them to have far too few assets to be secure.
Ideally, you would be correct that size would give stability. But banking culture is so screwed up now that the largest banks are more leveraged than a small-time bookie, and all their size does is make sure that everyone is hurt if they make a bad bet.
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