I think it's great that we can also do what the banks can do but I also think that there are financial lessons that we can learn from the banks. There are a lot of things we will end up replicating through the history of the financial system as we go through it but it will be faster because we have history to look back on.
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A lot of it is the ignoring the business cycle. That is where banks and other entities get in trouble. They tend to engage in excess when they should be consolidating.
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