Episode 2046 Scott Adams: Banking Prediction, Incompetence, TikTok, Dilbert Reborn Launches Today
Real Coffee with Scott Adams
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What Is Commonly False?
There is some notion that there might be a lot of other banks that did the same thing. That doesn't mean everything else about the other banks is similar. They might not have the same structural problems in terms of family, what percentage of their deposits are over 250,000 and therefore uninsured. The only thing that would get you in trouble is if the rest of the world raised its interest rates while you were locked in at this tiny, tiny little one point something rate. So that's what happened.
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