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#broligarchs

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⚯ Michel de Cryptadamus ⚯
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New paper from #Yale and the #FederalReserve blames the 2023 banking crisis on (you guessed it) #crypto and Nerd Reich #VCs.

> "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: #crypto firms and [tech] venture capitalists."

* American Banker: americanbanker.com/news/new-pa
* Paper: chicagofed.org/publications/wo