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A comment on Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC. Parent comment

Re:Joint Statement by the Department of the Treasury, Federa... by ahepp on Sunday March 12, 2023 @10:34PM (#35130176)
The defining characteristic of a Ponzi scheme is that there is no underlying investment.

Most banks make sound underlying investments, but even in SVB’s case there were investments, they were just bad.

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