> Even a cursory familiarity with the history of the industry shows both that this is untrue
The modern trend of believing that “history” is made up of one or two things that everyone saw on the news is actually really entertaining. Definition of “cursory understanding” tbh.
The banking industry, historically is far from stupid.
This particular story is just basic PR driven market manipulation and has nothing to do with the banking system.
> The modern trend of believing that “history” is made up of one or two things that everyone saw on the news is actually really entertaining.
It would be useful if you could provide a more detailed version of your argument. I don’t think you seriously believe that banks don’t make mistakes but the way this is written does sound like you’re saying it’s highly unlikely while ignoring the other half of the sentence you quoted.
I think you’re missing a basic fact here. No bank has offered to finance this deal.
Furthermore, historically, banks generally don’t make mistakes. You can find news stories from over the years showing that some banks have made some mistakes, but that would only reinforce my general point about people confusing one or two things they see in the media with “history” as a whole.
The modern trend of believing that “history” is made up of one or two things that everyone saw on the news is actually really entertaining. Definition of “cursory understanding” tbh.
The banking industry, historically is far from stupid.
This particular story is just basic PR driven market manipulation and has nothing to do with the banking system.