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#1177 Caitlin Long On Bitcoin & The Banking Crisis
The Pomp Podcast
Is There a Safe Bank?
The average American is kind of looking for where is the safe bank? I think that we can split this conversation into two pieces. There's the big banks versus the regional banks, and then there is fractional reserve banking versus non-fractional reserve banking. The banks are just not sitting on cash. They're taking in demand deposits that could literally go poof and turning around and investing 100% in long term assets.
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