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W2's avatar

What was he doing in Politics asking for regulations while he was risking customers money?! At this point it may have not been illegal, but it was definately unethical. An exchange should not have the ability to risk the customers investments in coin, and without their knowledge.

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Jeffrey S Brindle's avatar

Keep in mind that the Fed doesn’t print money. Banks do by creating loans. They give cash to the lender for a collateralized loan. The borrower takes the money and pays it for, say, a house. The builder deposits that money and the cycle starts as above. It all starts with the bank.

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