XBTJames on Nostr: The rube goldberg fiat banking machine is failing before our eyes. CS AT1 holders, ...
The rube goldberg fiat banking machine is failing before our eyes. CS AT1 holders, who are supposed to be senior to the equity, are getting wiped.
The old adage “don’t invest in what you don’t understand” becomes much more difficult when the rules are changed on the fly.
Published at
2023-03-20 10:05:21Event JSON
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"content": "The rube goldberg fiat banking machine is failing before our eyes. CS AT1 holders, who are supposed to be senior to the equity, are getting wiped.\n\nThe old adage “don’t invest in what you don’t understand” becomes much more difficult when the rules are changed on the fly.",
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