The feeling becomes like they're playing as you said, playing with funny money. It's like, huh, this isn't my money I have to worry about. So now I can worry about causes. And in my opinion led to the downfall of that particular bank, but also the problems we've seen in multiple other investment banks. There are some very well governed, well run, small retail banks, community banks that happen to be publicly traded and yet have not fallen victim to this kind of cycle.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode