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Zombie banks
It's an open secret that many of America's largest banks are "zombies" – institutions that are able to carry on despite having a negative net worth, thanks to "a combination of implicit and explicit government credit support."
By Edward J. Kane
https://www.ineteconomics.org/uploads/papers/WP_136-Kane-Masters-of-Illusion-1.pdf
And
https://www.ineteconomics.org/perspectives/blog/how-bankers-hide-losses
@corlin
Shit, that’s how most of our “biggest” “industries” are.
The government pays the difference because the preservation of the status quo and the lining of the pockets of the 1% is worth the expense to taxpayers... in the eyes of the 1% whose pockets are being lined and the stock owners who benefit from “stability” (aka stagnation)