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"If a bank lost everyone’s money, regulators might try to shut down the bank."

Oh really? I thought it depends on how big the bank is. Agencies giving tripe-A to junks were punished so harsrhly...

What really puzzles me is the response or lack thereof of those agencies' testimony, if that's what's they're called, during the Congressional hearings. They basically stated that their ratings were nothing more then opinions. And still they're being taken seriously.

2008/9 suggests that isn't the case!

Hell, HSBC was actively money laundering and they are still kicking.

HSBC isn't a monolithic organization, it was fined and people did went to prison, probably not as many and should've went but still.

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