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Druss

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@Druss • A Year Ago

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They are so disingenuous! This wasn't a crisis caused by crypto! This was a fiat crisis where they jacked up rates so quickly and much higher than can be tolerated resulting in a duration crisis. To repeat, This was not caused by crypto!

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Yes sir but here are all only blaming Crypto whatever it is bank crisis unemployed inflation etc everything because of Crypto don't know they think with mind or not

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Yes sir but here are all only blaming Crypto whatever it is bank crisis unemployed inflation etc everything because of Crypto don't know they think with mind or not

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Incompetent politicians always find it easier to blame others rather than fix things.

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Incompetent politicians always find it easier to blame others rather than fix things.

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Yes they don't see that they failed their management failed they all blame others when they fail

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Yes they don't see that they failed their management failed they all blame others when they fail

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I think this is just a bank whose leadership was exceptionally poor at risk management and lacked focus on what matters for a bank. The rumor is that some of the execs they hired were in over their head and too distracted with internal initiatives when they should have focused on the bank's financial health and stability.Obviously this is political inverse Cramer nothing else?

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I think this is just a bank whose leadership was exceptionally poor at risk management and lacked focus on what matters for a bank. The rumor is that some of the execs they hired were in over their head and too distracted with internal initiatives when they should have focused on the bank's financial health and stability.Obviously this is political inverse Cramer nothing else?

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There might be some truth in that but is it common for banks to go down whilst being well collateralised by US bonds?

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There might be some truth in that but is it common for banks to go down whilst being well collateralised by US bonds?

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I mean, the US dollar is kinda the backbone of the world economy. If you're talking about that currency failing, then yeah, we're talking about global depression. And while yes, in 2008 (and I'm sure many other times), bank losses were socialized and the taxpayer paid for this massive bailout that fed the rich in disgusting amounts, that's not what is happening here with SVB. The losses are not being paid by the fed. The money is there, they just failed their bank run test

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