Hey Satsmate Crew,
It is not surprising what is happening right now, but we are seeing a clear case be made that many banks are on the brink of an insolvent collapse. The FDIC recently came out with a statement that 63 lenders are at risk of insolvency.
What is insane to think about is how could we have arrived at this point. Was this done purposefully, or was this a mistake? I think the incentives of the system are incorrectly constructed and because of that self-interested actors & short-term incentives are what is running the system.
The system eventually does need to break without bailouts, as bailouts just lead to moral hazard and more easy money. We need to be prepared when stuff like this does happen, because in times like this, we need to be prepared to help others out, but try to capitalize and make the most out of the opportunity that we can.
Best Regards,
SatsMate
Bitcoin Buys: https://invite.strike.me/2MSTYG
Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before making an investment. With investing, you risk losing money, always read an investment prospectus and make an informed decision before allocating capital to a particular investment
Youtube: SatsMate
X: SatsMate
Instagram: SatsMates
website: www.satesmate.com
Hey Satsmate Crew,
It is not surprising what is happening right now, but we are seeing a clear case be made that many banks are on the brink of an insolvent collapse. The FDIC recently came out with a statement that 63 lenders are at risk of insolvency.
What is insane to think about is how could we have arrived at this point. Was this done purposefully, or was this a mistake? I think the incentives of the system are incorrectly constructed and because of that self-interested actors & short-term incentives are what is running the system.
The system eventually does need to break without bailouts, as bailouts just lead to moral hazard and more easy money. We need to be prepared when stuff like this does happen, because in times like this, we need to be prepared to help others out, but try to capitalize and make the most out of the opportunity that we can.
Best Regards,
SatsMate
Bitcoin Buys: https://invite.strike.me/2MSTYG
Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before making an investment. With investing, you risk losing money, always read an investment prospectus and make an informed decision before allocating capital to a particular investment
Youtube: SatsMate
X: SatsMate
Instagram: SatsMates
website: www.satesmate.com