4min chapter

"Moment of Zen"  cover image

E14: Balaji Srinivasan on his $1M bet, Financial Crisis 2.0, Digital Devaluation of USD, and What Comes Next

"Moment of Zen"

CHAPTER

What Should the Banks Do in Reaction to Large Losses?

The Fed's top policy committee doesn't just prize consensus. It nearly demands it, and this is also true in the banking system, don't fight the Fed. SBB was a unique bank that I think a lot of people don't understand what it did. But my uber point here is that SBB is non-bulmatic; most banks are not going to be for a bunch of years.

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