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Rabbit Hole Recap #244: Bitcoin Fixes This

Rabbit Hole Recap

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Silicon Valley Banks Going Down?

SBB failed on executing their like risk adjustment that they were doing. The CEO came out and he was like, as long as everyone doesn't withdraw their money at the same time,. That's the worst possible comment you can make in that situation. I think it was a piss poor managed balance sheet to because they're dead instruments that they were using for liquidity. They had a bunch of 10 year treasuries too. But they were using the MBS's to service the withdrawals. No lessons were learned. Nothing ever goes. There's no consequences. We'll revisit the exact same thing in four years. Eight years. Maybe it's a collapsing cycle. Well, maybe that's the

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