NxFlash on Nostr: Thanks to @Padoc2robert for sharing this pro-bitcoin video today of an interview with ...
Thanks to @Padoc2robert for sharing this pro-bitcoin video today of an interview with Caitlin Long. Caitlin has a knack for cutting to the chase. She is fun to listen to and her own story is timely because she is trying to license a storage-only bank and has been denied. (Her bank is willing to hold 108% in reserves and not offer loans, eliminating any chance of a "bank run". )
Caitlin points out the notion the elite SVB uninsured needed bailing out to be laughable considering any responsible company is fully aware of the FDIC limit and has staff to stay insured. For example, she said a major company like General Electric has a huge staff that oversees more than 10,000 bank accounts to remain under the limit. Much good information here! https://youtu.be/xqX_NkBUQzg
Caitlin points out the notion the elite SVB uninsured needed bailing out to be laughable considering any responsible company is fully aware of the FDIC limit and has staff to stay insured. For example, she said a major company like General Electric has a huge staff that oversees more than 10,000 bank accounts to remain under the limit. Much good information here! https://youtu.be/xqX_NkBUQzg