Damus
Byzantine · 174w
this is not 2008 despite a lot of the comparisons because --->2008 was bad loans destroying credit via defaults this is duration mismatch with illiquid banks that are solvent on a very long timeframe. banks become insolvent when loans are defaulted but since no one is defaulting it is nowhere near...
Karnage · 174w
We need to ask Karl Russell. I also find it disingenuous for bitcoiners to keep talking about “bitcoin on exchanges” getting lower when they zoom in on the chart instead of starting at zero. Why? 🤷‍♂️
Brunswick · 174w
This smells like crypto fud
LightningRoulette · 174w
Bear and Lehman were investment banks; not retail banks. AIG was an insurer and the others you list are overseas entities. It's a like for like retail bank comparison (or intended to be)
Mark Camper · 173w
I'd start using "Nominally solvent".