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CD94: Bank Crisis and Bitcoin with Jesse Myers

Citadel Dispatch

CHAPTER

What's Going on With Signature Bank Backstopping?

Sally Kohn: The announcement that signature bank will shut down is structurally different than the bailouts we saw in 2008. She says they removed leadership and zeroed out shareholders, but then added this other component where any banks that had these treasuries could loan money from the US government at par. Kohn: So I was just straight up a fucking bailout for every bank preemptively.

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