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Picture an industry where you raise capital then assertively invest that capital to the tenth degree, highly leveraged.
What's more, you take large risks, investing in one speculative project after another, sometimes in regions of the country that are showing signs of a loss of economic momentum.
And all the while, you collect a handsome fee for each investment project.
Even better, if the investments work out, you're enormously profitable, and a large bonus heads your way by the end of the year.
And if the investments turn out to be foolish and don't work out? Noooo problem. Noooo problem at all: the U.S. government will step in and take over your business, make peace with your business's creditors and share holders, while you're free to take on an executive post in another corporation.
Does the above remind you or any business/sector you know. Yes, that's right: it's the U.S. banking sector as currently configured.
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