Perhaps the best way to view the world's largest banks is not as companies, but as nations unto themselves.
Like rogue states, they profit from their ability to wreak havoc on the world, borrowing for less because lenders know that governments wouldn't dare let them collapse.
And like opportunistic governments, they are brilliant at playing nation against nation. They fend off proposed regulations that pop up in one country by arguing that such rules need to be coordinated globally so as not to cause money to be pulled out of some nations and rushed into others.
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