Put another way, “We expect taxpayers to only socialize fiat and trad-if losses, like LTCM, or 2008 GFC, etc.”
Pretty rich considering the value of the USD token has dropped 97% since 1913.
https://news.bitcoin.com/fed-governor-warns-crypto-prices-could-fall-to-zero-says-dont-expect-taxpayers-to-socialize-your-losses/
Dude. That's the non jargon way to put it. can't do that cos then people will understand the game!!
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