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Banking Trouble

All Things Policy

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Twitter and the Disruption of Finance

Finance is already extremely vulnerable to panics and hive mind. Can you now orchestrate a bank run? We don't have to get into that territory because it's speculative, but this should be studied in this context. Whether you can create panic and so on through social media, it's happening in other places. It's worth looking into and thinking of. That also explains why the Fed kind of moved in as early as it did. It didn't allow time for SBB to kind of figure out what to do.

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