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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. ↗
Belize suits me because I'm active and I like diving. I learnt when I was 18, in Thailand, and I have dived in Vietnam, which wasn't great, the Red Sea, which was incredible and reasonably priced, and then the Maldives, which is like being submerged in an aquarium. ↗
You know, I've got experiences going back to the wage price controls in the Nixon administration where, in effect, we had what I think was a terrible mistake, in that case a Republican administration, where moved in and tried to control the wages, prices and profits of every enterprise in America. It was a huge mistake. ↗
