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Banks are not investing. They are commodities. The share holders and bond holders who were investing were wiped out. Do you want to live in a world where only B
by searealist 4y ago
Banks are not investing. They are commodities. The share holders and bond holders who were investing were wiped out. Do you want to live in a world where only Bofa/WF/Citi/Chase exist? Because that is what you are advocating for.
- jwestbury 4y ago> Banks are not investing. Yes, they are. How do you think they make profits? How do you think this happened to SVB? Their investments were illiquid and they were not able to convert them into cash fast enough to return deposits to their customers.