Venkatesh Rao ☀️
@vgr
Is this just subprime mortgage bullshit with extra steps? 🤔
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Jackson 🎩🍖
@jacks0n
Is instability like this just a property of fractional reserve banking? “Where is my money plz” 👈👆👉👇👉 Or was it just poor risk management in this instance? Cliff notes appear like over exuberance - “we could be picking up way more pennies in front of this steam roller!”
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