FTX borrowed customer deposits and bought shitcoins.
Silicon Valley Bank borrowed customer deposits and bought long duration bonds.
In 2008 Lehman Brothers borrowed customer deposits and bought mortgage bonds.
Fiat banking is inherently fragile.
I hadn’t heard of SVB until today
Sounds like a really big pile of 💩
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Lots of WASPs on wallstreet and Silicon Valley
Its not a race thing, more of a narcissistic sociopath who gets into this type of finance
