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PacWest is down nearly 60% after hours. I remember watching this happening the last time. I was just starting the married life and hoping to start a family. I remember being worried in 2009 when we couldn't pay our mortgage. It was scary. I feel sorry for those that are going to get wrecked this time around. 🫂

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Discussion

kale 2y ago

Shit. They really do just keep coming.

Derek Ross 2y ago

It's like a deer in headlights. It's hard to not watch.

Michael R. Sullivan 2y ago

The thread of optimism here is that it will hopefully open more people's eyes to the problem bitcoin fixes.

Derek Ross 2y ago

It could happen.

2e202d92... 2y ago

It looks like PacWest for sure, and then markets don't seem too certain about Western Alliance, either.

Joe Santamaria, MD 2y ago

Insane. Dominos just keep falling.

Derek Ross 2y ago

Yeah... Western Alliance Bank is down nearly 30% after hours.

bevo 2y ago

The good thing is that non crypto/btc banks are now dropping like flies. Takes away the narrative that crypto/ btc was the problem. The problem is thier own overleveraged ponzu scheme. Ass wipes

Bitmax14 2y ago

Yeah.... Here is three banks which seems to have some serious issues. Down from more than 20% to 55% in aftermarket.

Derek Ross 2y ago

Those 3 has bad days yesterday too. 😬

Joe Santamaria, MD 2y ago

Exactly right 🎯

zeph 2y ago

kinda wanted to check in on Rudy Havenstein but he’s suspended again

anonB 2y ago

I didn’t realize what 2008/2009 was until I started learning about Bitcoin over the past couple of years. It’s weird to learn about something then watch it in real time.