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4min chapter
The SVB Debacle: The Biggest Myths, the Out-of-Control Blame Game, and the Worst Takes
Plain English with Derek Thompson
What's the Point of the Banking System Anyway?
Michael Wolraich: Banks are speculative investment funds grafted on top of critical infrastructure. He says the ability for banks to make money, whether they have in the past, is not going to exist. "I don't see how there's any other way around this," he says. 'This is a very complicated issue'
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