TheGuySwann on Nostr: Yeah that’s the one. These are the unrealized losses based on the losses value of ...
Yeah that’s the one. These are the unrealized losses based on the losses value of their bonds and other assets. But the thing is, that’s what’s killing these other banks. They’ve taken*customer deposits* and invested it in there instruments.
So basically *everyone* is insolvent, the only reason it’s not collapsing is because there’s no way to exit, they can only move it to a different insolvent bank.
Published at
2023-05-04 13:16:11Event JSON
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