NO. 380 — LLM-Mind-Reading, Automated War, Rusty Sudo, Eliezer Bitterness Theory...
Unsupervised Learning
00:00
The Dangers of a New Bank Competing in a Market Like This
The FDIC took over first Republic to prevent a complete failure, GP Morgan Chase is taking things over. SVB had their money invested and they did have the funds, but it's locked away in these very slow moving basically like glacial speed investments in government bonds and stuff. I don't know if that stops banks from being able to function, but it seems like we've been going down this path of like, you just kind of hope your investments will make so much money.
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