banks like credit suisse and deutsche bank should have been cleared out in 2008.
“banking collapse would be a disaster”
“possession is 9 10ths of the law”
they arent essential, just convenient at a high price.
SVB was a large bank and the effects of its collapse will be felt for a while, until the ripples dissipate. That is just how things work and expecting instant calm is foolish.
3 comments
banks like credit suisse and deutsche bank should have been cleared out in 2008.
“banking collapse would be a disaster”
“possession is 9 10ths of the law”
they arent essential, just convenient at a high price.
SVB was a large bank and the effects of its collapse will be felt for a while, until the ripples dissipate. That is just how things work and expecting instant calm is foolish.