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Paul Stewart II

A great explainer for why Silicon Valley Bank failed. It's moral hazard, failure to manage obvious risks, and hiding impacts of failed risk management from scrutiny.

Banking Crisis?, by @MacroAlf open.substack.com/pub/themacro

The Macro CompassBanking Crisis?By Alfonso Peccatiello (Alf)
Mar 12, 2023, 10:55 PM·Public
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