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WHY ARE WE BULLISH? Julian Shibley, Cedric Youngelman, George Mekhail ep332
BTC Sessions
The Problem With a 100 Percent Reserved Bank
The FED today is going to reject custodia's application to be a bank at a hundred and eight percent reserve, which is absolutely wild. The problem is who's going to buy the debt if the banks can't leverage their position and buy debt and try to get some sort of return? And it's just like, so they're rejecting safe, they're rejecting the solution because it will basically expose, you know, it's going to expose basically the posy that it's all built on.
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