And excellent breakdown of why SVB died and why they don’t deserve a bailout.
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Looking at this now (the fed just ordered a bailout…)
It is during these times of banking stress you can see what their real priority is :
Inflation is 6+%.
Banking system loses money.
Which one do they care about more?
Of course they turn the money printers on and debase the currency to bailout banks… Even while inflation is the highest is my lifetime.