The Big Gunt on Nostr: Zombie banks are defined as a financial institution with an economic net worth that ...
Zombie banks are defined as a financial institution with an economic net worth that is less than zero, but which continues to operate because its ability to repay its debts is shored up by implicit or explicit government credit support.” In a sense, they were dead but still going through the motions of life.
How many Zombie banks are the “too big to fail ones”
I doubt any are actually responsible..
#bitcoin
Published at
2025-01-09 15:43:45Event JSON
{
"id": "774fe27b6c82593c4a8b02cef0413bb76bd8b65bed5ece9551bb28a94377dc30",
"pubkey": "1947616f0c8800e57c47e1c363368d94d9babed71633768c9c2d5f480657caaf",
"created_at": 1736437425,
"kind": 1,
"tags": [
[
"t",
"bitcoin"
]
],
"content": "Zombie banks are defined as a financial institution with an economic net worth that is less than zero, but which continues to operate because its ability to repay its debts is shored up by implicit or explicit government credit support.” In a sense, they were dead but still going through the motions of life.\n\nHow many Zombie banks are the “too big to fail ones” \n\nI doubt any are actually responsible.. \n\n#bitcoin ",
"sig": "29342b3ce975d1dc70bff4011121651c126f5a5e69d2e19cb8772fb06320d803a85bd4edf7e3ff06383a952773efbfa5e05cf74656cc6206041f6aa560a09fee"
}