2min snip

Bankless cover image

Arthur Hayes Says, “Get your Bitcoin, and Get Out!”

Bankless

NOTE

The Politics of Bailouts

The management of the banks got balanced and the holders of the donut got a donut, but the depositors got their money back./nThe politics of who takes the loss in the banking system will dictate who gets bailed out./nThe state versus federal clash exists in all countries with a similar political setup.

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