frphank on Nostr: If banks can just make money by "unbacked credit expansion" why did Silicon Valley ...
If banks can just make money by "unbacked credit expansion" why did Silicon Valley Bank go broke? Couldn't they just expand more credit?
frphank
npub1g7…u8yd9
2025-01-17 23:29:42
in reply to nevent1q…sv40
Author Public Key
npub1g7lqk25fl24xd0zh7hr8jgp5smdy2eszjh9nmv7z7w85h6xcs9hq4u8yd9Published at
2025-01-17 23:29:42Event JSON
{
"id": "33e63687beab889e05da0cc638dedccdeb569a80b30ee2ac88980f1e733065e8",
"pubkey": "47be0b2a89faaa66bc57f5c679203486da45660295cb3db3c2f38f4be8d8816e",
"created_at": 1737156582,
"kind": 1,
"tags": [
[
"e",
"7afd5c07a86cbec0079c74aed4893d8bfaf5a7f1ab172988afa16fa1c4ff9a2f",
"",
"root"
],
[
"p",
"50d94fc2d8580c682b071a542f8b1e31a200b0508bab95a33bef0855df281d63"
],
[
"p",
"2efaa715bbb46dd5be6b7da8d7700266d11674b913b8178addb5c2e63d987331"
]
],
"content": "If banks can just make money by \"unbacked credit expansion\" why did Silicon Valley Bank go broke? Couldn't they just expand more credit?",
"sig": "fa80a0cfd6e2012c1616238030c2be90c2e61ead6cd24f80dc3c7ae1b7a66300d5de353d178ee06527b75f41b4fe28ba13186f1d3530afe1a8ff10cc07f35a3f"
}