23. Bitcoin in Lebanon with Thomas Semaan
The Bitcoin Standard Podcast
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Lebanese Bonds - The Boom to Bust
The bubble was in banking saving accounts. I think the malinvestment sector was all of the savings because that money was used to effectively finance government borrowing. It may have been the collapse of a bank called Jameel Bank, which was probably related to the new sanctions that were being introduced, I think. The financial position of many of these banks begins to get compromised and now everybody is scrambling for liquidity.
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