Is this just subprime mortgage bullshit with extra steps? 🤔

Blogger at ribbonfarm.com, running summerofprotocols.com, host of /gloom ☀️

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!”

It's no regulatory oversight just like 08 again. Long duration 1% bonds are the new Triple A tranche of subprimes

It is hit ‘em where it hurts, so they leave the life boat.