Great book, I’m going to reread it next week, feels so fitting to current events
The French guillotines
Probably not. But I’m assuming someone (fed or someone with big pockets) would be willing to trade them cash for the guaranteed face value of the bonds at maturity, with a haircut of course to make it worth their while
Agreed. Would be shocked if it’s less than 90% recovery for depositors.
Start with #[4]​ great guides
Hope you’re right, but I’m doubtful they get it yet
Got all the fucks from the all in pod asking for a bailout, it’s gonna happen
Yeah, although Marty didn’t seem to understand the treasury issue. Made it seem like there was an actual issue with the value of the treasury, while it was actually one of not hedging the interest rate, which almost all banks/corporate treasuries would do.
Easier to blame it on Dodd frank regulation, but that wasn’t the problem here
That herd of cats aren’t going to agree on anything. The economy is doomed
https://finance.yahoo.com/news/yellen-delivers-person-warning-us-140919612.html
I heard George santos assured Americans he’s going to make sure this gets resolved so you can all rest easy
Doesn’t matter if it is, think the fed will step in a lot earlier and stop the bleeding before it becomes visible. Can’t let the commoners see behind the curtain and realize the tiny man pulling all the strings
James lavish and foss have some good threads
Odd that btc isn’t shining right now (from a price perspective), seems like its time to shine
Time for a good cleansing of the VC crooks
USA USA USA
Yes, you understand correctly
Where do we find these clowns?
Needed to hear that today my friend. Gracias
How many bank runs gonna happen before people realize the only safe way to hold large amounts of wealth is self custody bitcoin?
https://techcrunch.com/2023/03/09/silicon-valley-bank-firms-reactions/
Has any non crypto related bank faced a bank run recently? I might have missed it… or is this just part of the crypto contagion