⚯ Michel de Cryptadamus ⚯<p>New paper from <a href="https://universeodon.com/tags/Yale" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Yale</span></a> and the <a href="https://universeodon.com/tags/FederalReserve" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FederalReserve</span></a> blames the 2023 banking crisis on (you guessed it) <a href="https://universeodon.com/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crypto</span></a> and Nerd Reich <a href="https://universeodon.com/tags/VCs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>VCs</span></a>.</p><p>&gt; "A clearer commonality between the six banks [that failed], the paper argues, is their exposure to risky depositor bases that other banks shied away from: <a href="https://universeodon.com/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crypto</span></a> firms and [tech] venture capitalists."</p><p>* American Banker: <a href="https://www.americanbanker.com/news/new-paper-hangs-march-2023-failures-on-business-model-risks" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">americanbanker.com/news/new-pa</span><span class="invisible">per-hangs-march-2023-failures-on-business-model-risks</span></a><br>* Paper: <a href="https://www.chicagofed.org/publications/working-papers/2025/2025-04" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">chicagofed.org/publications/wo</span><span class="invisible">rking-papers/2025/2025-04</span></a></p><p><a href="https://universeodon.com/tags/SiliconValleyCalif" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SiliconValleyCalif</span></a> <a href="https://universeodon.com/tags/SVB" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SVB</span></a> <a href="https://universeodon.com/tags/SBNY" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SBNY</span></a> <a href="https://universeodon.com/tags/SignatureBank" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SignatureBank</span></a> <a href="https://universeodon.com/tags/FirstRepublic" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FirstRepublic</span></a> <a href="https://universeodon.com/tags/a16z" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>a16z</span></a> <a href="https://universeodon.com/tags/Broligarchs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Broligarchs</span></a> <a href="https://universeodon.com/tags/NerdReich" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>NerdReich</span></a> <a href="https://universeodon.com/tags/uspol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>uspol</span></a> <a href="https://universeodon.com/tags/banking" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>banking</span></a> <a href="https://universeodon.com/tags/finreg" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>finreg</span></a> <a href="https://universeodon.com/tags/Silvergate" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Silvergate</span></a></p>