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Financial Crisis
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This ... the largest financial bailout in history ... was not just a bailout of SVB [Silicon Valley Bank]. It was a bailout of over fifty thousand SVB depositors with over $170 billion in deposits. It was a bailout of SVB's customers, it's employees, their suppliers, and the entire high-tech startup ecosystem in Silicon Valley and around the world.
...more
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― MoneyGPT: AI and the Threat to the Global Economy
― MoneyGPT: AI and the Threat to the Global Economy
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A regulator's greatest fear is the sequential collapse of hedge funds, banks, and brokerages. That process is hard to spot and even harder to stop.
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There are two sides to every trade. In a crash there can be just as many winners as losers. The problem arises when the losers go out of business. At that point the winners can't collect so they become losers too. It's as if you were a big winner at roulette and went to the cashier to collect your winnings only to find the cashier window closed
...more
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― MoneyGPT: AI and the Threat to the Global Economy
― MoneyGPT: AI and the Threat to the Global Economy
In primitive time, women might have started plantation however, the breakthrough for transition …more
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