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I'm the last person who wants to defend Peter Thiel. But... he was right. That's not "dooming" anyone, that's... giving good financial advice. The bank was u
by ajross 4y ago
I'm the last person who wants to defend Peter Thiel. But... he was right. That's not "dooming" anyone, that's... giving good financial advice. The bank was unsound! People should have gotten their money out.
It's true that there's a game theoretic problem here where it's not possible for everyone to take that advice. But... what's the solution being offered? Demand silence on the part of everyone who sees bad financial status?