wtogami on Nostr: Management of a small bank told me this. Aside from targeting "crypto" beyond the ...
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.
Published at
2023-03-15 23:13:12Event JSON
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"content": "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.\n\nhttps://i.imgur.com/lgFG7te.png",
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