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Why Caitlin Long and Meltem Demirors Are Worried About Crypto’s Future in the US - Ep. 470
Unchained
The Basel 3 Business Model Cannot Work in an Information Age
No traditional bank can do the traditional borrow short term and lend long term maturity transformation game in that environment. You either have to explicitly lock up your deposits so that they can't be withdrawn on demand or you literally back all your demand deposits in cash. A political decision was made years ago in the United States not to apply Basel 3 to the community and regional banks.
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