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I think "lucky" is the better word here. He was lucky because he was able to get all of his money out of the bank while he could. Maybe he knew something was ha
by MiscIdeaMaker99 4y ago
I think "lucky" is the better word here. He was lucky because he was able to get all of his money out of the bank while he could. Maybe he knew something was happening before others? Maybe he was just able to move faster? ¯\_(ツ)_/¯
Regardless, he definitely helped contribute to its collapse, as well as everyone else who took their money out of the bank during the run. To what degree is Peter Thiel responsible? I don't know and I don't think it really matters.
- oatmeal1 4y agoI'm guessing he has the contacts to be ahead on things like this. "Lucky" to have worked at Paypal to get him where he is.
- MiscIdeaMaker99 4y agoI'm sure there will be some good books coming out about it in the next couple of years that will shed light on what actually happened.
- macinjosh 4y agoMaybe he pays attention or can afford to pay people to pay attention? There were public discussions about the bank's issues months ago: https://twitter.com/RagingVentures/status/1615826088038473733 https://twitter.com/RagingVentures/status/161582608803847373...
- seydor 4y agoThiel is lucky a lot