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0 pointselliekelly4y ago0 comments

The bank doesn’t do that for you. The bank does that because regulators require them to as a condition of being in the banking business.

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jtbayly4y ago· 1 in thread

Banks would have ceased to exist centuries ago if they couldn't be trusted to do this in general. Regulations have very little to do with it.

To be fair, until comparatively recently, bank runs were a real and problematic thing.

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