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Replying to Avatar Warren Togami

Management of a small bank told me this. Aside from targeting "crypto" beyond the scope of the law (Operation Chokepoint 2.0), he's also mad that responsible banks who wisely avoided long dated HTM securities are being punished by withdrawals as depositors flee to large banks for safety. They did everything right but only the big banks benefit from the moral hazard of these bailouts.

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nontoxicmaxi 2y ago

Incredible. I really wish we could come up with some sort of system where we could eliminate reliance on these powerful people............. Any ideas?

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