Noah Jessop
@noah
Last night over dinner I got some wonderful GFC stories from some folks who are now in the books... And I can't help but think the UK bailout this week might have been the bear sterns moment of whatever is coming next...
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Noah Jessop
@noah
I worked across the street from Bear that summer and the day after their hedge funds blew up in 2007, there was an armored Nato car parked out front I thought "that doesn't look good".. https://archive.ph/AGjyF
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Noah Jessop
@noah
But I was young and couldn't really tell you what was normal vs not normal for a workplace. Just struck me as odd at the time...
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Noah Jessop
@noah
in the GFC....the guys doing the CDO plumbing knew things were bad (and where the bodies were buried) long before anyone else. I can't help but think crypto living thru Ponzu season has given some a little bit of edge/healthy skepticism about how quickly things can break..
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