Pakistonomy - Episode 149 - Is the US on the brink of another financial crisis?
Pakistonomy
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The Treasury's Response to the Bankruptcy Crisis
I think it's the technology-enabled classic bank run that we saw. And in fact, if you had kept your money there, not been part of it, you were on average fine. But there were, again, I was speaking with venture capitalists out of the valley. Now people are waking up to that new fact as well. The one other thing I wanted to get your take on was, you know, we saw Secretary of the Treasury Yellen make some points about how much they will provide coverage. What have you made of the response outside of the Fed, particularly from the Treasury side?
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