Sentiment: Negative
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This Crisis Will Define the Future of Money
By Michael J. Casey at 2024-11-22 00:51
Sentiment: Negative
The recent collapse of three high-profile banks - Silicon Valley Bank, Silvergate Bank and Signature Bank - has caused worrying outflows at hundreds of regional banks. Now, with the U.S. Federal Reserve creating a new backstop facility reportedly worth $2 trillion and Switzerland’s central bank bailing out Credit Suisse to the tune of $54 billion, the echoes of prior crisis in 2008 and 2013 are loud. Continue reading...
Categories: Consensus Magazine
Tags: #Opinion #Newsletters #Money Reimagined #Bitcoin #Cyprus #Bitcoin Price #2008 financial crisis #Satoshi Nakamoto #banking #Silicon Valley #Silvergate Bank #Signature Bank #Credit Suisse #FDIC #Lehman brothers #Federal Reserve #Quantitative Easing #Elizabeth Warren #Stableco
Source CoinDesk