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CD94: Bank Crisis and Bitcoin with Jesse Myers

Citadel Dispatch

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The COVID Pandemic and the Bank Run

The majority of depositors with drawing is well beyond the models that any bank is expecting. In practice, it means no bank can survive the majority of their depositor with drawing basically. Silicon Valley bank did a $1.8 billion loss. So this is all happening to everybody right now because of this systemic problem of rates being super lowA year ago, when everybody had a ton of deposits. And then fast forward a year they've, they've created a recession.

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