4min chapter

Swan Signal Live - A Bitcoin Show cover image

Saifedean Ammous & Stephan Livera | Swan Signal | EP 105

Swan Signal Live - A Bitcoin Show

CHAPTER

The Systemic Risk of Bank Failure

Swan Bitcoin co-founder and head of education, Stefan Borsuk, joins us to discuss the recent banking crisis. He says people are asking why can't they just keep their money in a safe place without having to worry about all these things that are completely out of their control. But he also argues that if something goes wrong, let's socialize the losses so those who are more politically connected get bailed out or depositor gets made whole. "There is no free lunch," said Borsuk; someone will have to pay for it.

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