These bailouts are very good for me in the short run, as I'm exposed to USDC, but they teach the wrong lessons, by redistributing the cost of a lack of depositor due diligence, to the general public.
This will only encourage more high-risking banking practices - by both the banks and their customers - in the long run. Regulatory regimentation is a poor substitute for meaningful market consequences.
This will only encourage more high-risking banking practices - by both the banks and their customers - in the long run. Regulatory regimentation is a poor substitute for meaningful market consequences.