Systemic banking failure is not necessarily the end result of relaxation of the 2018 Dodd-Frank controls – to that “relaxation” must be added corporate avarice AND stupidity on the part of the bank managers involved – only then will you have “failure”.
Both banking failures were caused by a mixture of internal and external “stupidities”.
IT is NOT so much a case of “dominoes falling” and more a case of the roaches scattering when the light is turned on.
Oh, and “wokeness” was not a cause because “wokeness” is a republican invention to describe the indescribable – it literally cannot be quantified in any meaningful way…
Systemic banking failure is not necessarily the end result of relaxation of the 2018 Dodd-Frank controls – to that “relaxation” must be added corporate avarice AND stupidity on the part of the bank managers involved – only then will you have “failure”.
Both banking failures were caused by a mixture of internal and external “stupidities”.
IT is NOT so much a case of “dominoes falling” and more a case of the roaches scattering when the light is turned on.
Oh, and “wokeness” was not a cause because “wokeness” is a republican invention to describe the indescribable – it literally cannot be quantified in any meaningful way…