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The Panic of 2023 (EP.299)
Animal Spirits Podcast
Is This a Bailout or a Blowout?
The big banks are going to be probably the biggest beneficiary of this, unfortunately. It is probably going to hurt small businesses and those regional banks. The idea that before you open a bank account, you have to be a forensic accountant? That's insanity. I understand people's like pushback. I really do. And the moral hazard stuff, we will unpack that and we will try and put regulations in. We had no choice.
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