Sentences to ponder
Big banks’ behavior this time has been shaped by the fallout from 2008. Why isn’t Dimon buying S.V.B.? He has complained about the headaches of buying Bear Stearns and Washington Mutual at the government’s behest in 2008, having spent years fighting litigation and paying fines for those firms’ bad behavior. Bank executives who were around back then remember that.
That is from Dealbook 2.0, NYT, via TO. File under “The Costs of Intervention and Regulation and Political Grandstanding are Higher than You Think.”
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