stack_harder

>  The director of bank supervision at the Iranian central bank last year called Ayandeh “a Ponzi scheme.” For many Iranians, it was a symbol of a system whose few resources had been diverted to a well-connected few while they suffered.

Sounds familiar. I skimmed and didn't see much treatment to the obstructions to free trade with and by US. 

Calling US tarriffs a "trade war" when it comes to Canada, but "sanctions" when dealing with Iran always felt a bit hypocritical. After years of cutting them off, Trump plays the good guy, also hypocritical. But what to expect?

billytheked

> Iranians dumped the rial and moved their money into foreign currency, gold and assets such as cryptocurrency.

Bad loans to regime cronies brought down Ayandeh Bank, accelerating a long-running financial crisis

The biggest harbinger that things were about to fall apart in Iran didn’t come from the thwarted anger of the country’s opposition or the frustrated hopes of young people hungry for more personal freedom. It came from the collapse of a bank.

Of course, it was all because of a banking failure.

news

## Bad loans to regime cronies brought down Ayandeh Bank, accelerating a long-running financial crisis

> The biggest harbinger that things were about to fall apart in Iran didn’t come from the thwarted anger of the country’s opposition or the frustrated hopes of young people hungry for more personal freedom. It came from the collapse of a bank.


Of course, it was all because of a banking failure.

# BITCOIN FIXES THIS

Bad loans to regime cronies brought down Ayandeh Bank, accelerating a long-running financial crisisBad loans to regime cronies brought down Ayandeh Bank, accelerating a long-running financial crisis

BITCOIN FIXES THISBITCOIN FIXES THIS