2min chapter

The Compound and Friends cover image

Responsibly Reckless

The Compound and Friends

CHAPTER

The Fed's Contagion Effect on the Financial System

No depositors have ever lost money in the history of the fdi say It's almost a hundred years. It's never happened And no depositors have lost money this year, but it doesn't matter because people don't understand that they don't want to hear it They don't care and that's why the money I think Remains in motion and the cost of funding these banks just goes up as the Fed does what it's doing.

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