
Is this financial crisis 2.0?
We Talk Money
The Social Media Bank Run
The Fed raising and the social media induced bank run, basically. If people didn't do that and they didn't run to the banks and pull their money out then things would have been business as usual. That's what really kind of was the kicker for these banks and, and their bond portfolios going under in terms of value. So really it was kind of a little bit of a. I don't want to call it like an outlier situation, but, but it was the perfect storm, if that makes sense.
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