2min chapter

Galaxy Brains cover image

Omid Malekan (Columbia) on Trust & Finance

Galaxy Brains

CHAPTER

Bank Balance Sheets Are Insolvent, Right?

Dorne: The Fed's got a facility to do this. But again, they're only, you know, back-sopping depositors. So the whole idea is you want to be in a too big to fail bank. You can't be. There's really no option. Dorne: These guys couldn't do banking 101. Why would you put money in? Guys, they don't do banking101.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode