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I think the success of 'Downton' is partly because there are effectively 18 leading characters, all given equal importance, so it's enormously involving on many levels. But also, it's a new story. It's not like Dickens or Austen, where everyone knows the denouement. ↗
And so it can be very much in the interest of bank A to sell-short bank B shares, or buy CDSes on bank B, because they have exposure to bank B. It's the responsible thing to do as a fiduciary, and yet if everyone does it at the same time, it's destabilizing because everyone is selling. ↗
