What you've argued is faulty logic was actually sarcasm. One major clue is that the previous paragraph also contained heavy sarcasm.
I amazed your at bottom of the comments. But then again I was silly enough to upvote the parent before I read the full text.
"A sound banker, alas, is not one who foresees danger and avoids it, but one who, when he is ruined, is ruined in a conventional and orthodox way with his fellows, so that no-one can really blame him" - JM Keynes