related posts
135 sats \ 4 replies \ @Wil 13 Mar 2023
βThe Times 03/Jan/2009 Chancellor on brink of second bailout for banks.β
reply
0 sats \ 3 replies \ @kilianbuhn 13 Mar 2023
It's kinda crazy to think that we're living through history being written and not just history being in the past π
reply
0 sats \ 2 replies \ @mf OP 13 Mar 2023
And don't just sit watching it all going to shit. Be part of the change.
reply
0 sats \ 1 reply \ @kilianbuhn 13 Mar 2023
What should I do tho?
reply
0 sats \ 0 replies \ @mf OP 13 Mar 2023
Teach people around you about money and bitcoin. The more people realize they don't have to suffer with this bullshit, the sooner these events won't be so signigicant.
reply
4 sats \ 5 replies \ @ek 13 Mar 2023
Did I get this right:
They are bailing them out to ensure no contagion and help making payroll to protect innocent people, but at the same time, this also helps the people who are at fault for no proper risk management?
While at good times, the innocent people don't profit? They are basically just hostages in bad times?
Is this what is meant with "privatize the gains, socialize the losses" since the money has to come from somewhere which can be either from the tax payer or the money printer. Anyway, we lose.
reply
12 sats \ 4 replies \ @mf OP 13 Mar 2023
Bingo
reply
1 sat \ 2 replies \ @ek 13 Mar 2023
What about
With people who are at fault we mean the VCs who put their money into that bank and are now bailed out?
But the shareholders are other people?
reply
1 sat \ 1 reply \ @mf OP 13 Mar 2023
I wouldn't worry too much about the details. One way or another, if not now then later, the whole thing will implode. So just GTFO of their no-fixed-rules monopoly game.
reply
0 sats \ 0 replies \ @ek 14 Mar 2023
I am already out of it and was never in it.
I just care about details.
But I think this answered my questions good enough: https://www.youtube.com/watch?v=oHjDCC6Vigc
reply
0 sats \ 0 replies \ @ek 13 Mar 2023
Nice... Or not nice lol
reply
2 sats \ 1 reply \ @siggy47 13 Mar 2023
No dip for us now. It's off to the races.
reply
370 sats \ 0 replies \ @mf OP 13 Mar 2023
Their problems give us cheap sats. Works for me π
reply
1 sat \ 0 replies \ @BlokchainB 13 Mar 2023
This makes me so angry. The system is so broken you got all these YouTube and fintwit trying to explain this complex system debating what is money printing and what is not. For me I like to think in practical terms. How in the world is the central bank getting money? Is it bank reserves? Profits from past dealings? or whatever the fuck to do this type of shit. Buy distressed assets at par like how?!! From where?! Why this bank and why not voyager or BlockFi. Why do people Who knew the rules get made whole while others suffers. Like people who bought the stock on the open market.
Absolutely ridiculous. Sorry for the rant but Iβm just so tired of this bullshit happening.
reply
1 sat \ 1 reply \ @lunanto 13 Mar 2023
Macroeconomics are to be protected, the question is will it work.
reply
9 sats \ 0 replies \ @mf OP 13 Mar 2023
People need to protect themselves. No need to wait for the shiny white armor state to come. If things need to fail, let them fail. Better things will come after.
reply
1 sat \ 0 replies \ @f6287b82CC84bcbd 13 Mar 2023
money printer go brrrr
reply
1 sat \ 0 replies \ @TheBTCManual 13 Mar 2023
Lol so a bail out by another name? No wonder risk assets are rallying, a sad day for tax payers here
reply
1 sat \ 0 replies \ @sudonaka 13 Mar 2023
PRINTER GO BRRRRRR
reply
0 sats \ 0 replies \ @PlebLab 18 Mar 2023
reply
0 sats \ 0 replies \ @Content_Ape 13 Mar 2023
My understanding is that SVB bought bonds (based on the feds predictions at .1%interest ) Interest is actually 4.7% (47X). So the bonds are performing below market value. If SVB sells the bonds to cover withdrawals, they have to take a loss. But the bonds should be less than deposits? It sounds like a technicality less than a bank fail, and the news feels like a shell game. Twitter is saying that all the crypto friendly banks are shuttered, yet BTC/$ looks strong. I can't tell who the patsy is, which is.. disturbing.
Can someone help me understand this thing? Not some pithy stack sats reply. Think like a chess game, mate in 3 maybe 4. You got 10 minutes on the clock.
I want to understand the moving pieces here.
reply
0 sats \ 0 replies \ @Busybe3z 13 Mar 2023
Bail ins begin
reply
0 sats \ 0 replies \ @crybaby 13 Mar 2023
weeeee
reply
0 sats \ 0 replies \ @Majjin 13 Mar 2023
deleted by author
reply