The End of the Lending Ideas

Blockfire was the poster child for many months. Probably a good year I would say they were like you know very heavily marketing their product and that's full of flat on its face. My concern has always been that they were mixing, uh, individual retail deposits with institutional deposits. And so if we ever went through a credit event or a contraction like we've seen for the last year, what you're going to have is all that counterparty risk that's on the institutional books could spill into the entire organization. Even though your your your customers are or your, your retail clients are over collateralized, they're going to still be impacted because of them.

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