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A comment on Sam Bankman-Fried found guilty on all charges. Parent comment
SVB: our shitty compliance department bought bonds (a government requirement) with too long of a maturity date to sell in a bank run.
One is incompetent and the other is malicious.
Also fractional banking is literally required by law.
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SVB: our shitty compliance department bought bonds (a government requirement) with too long of a maturity date to sell in a bank run.
One is incompetent and the other is malicious.
Also fractional banking is literally required by law.