Our response was how did this happen, says Fed Chair Powell of SVB failure

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Well it is quite clear what happened isn't it? You guys printed an ungodly amount of money during the pandemic to spread out the losses from failing businesses over the entire population trough inflation. That inflation caused you to hike rates at an equally ungodly amount which caused the broken system of fractional reserve banking to fail. You ofcourse could never let this happen so the only option would be to turn the printer back on and start the cycle all over again.

LiftingVault
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How did this happen? They did not know before deciding to raising fastest rate in history?

Bigjoe
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I thought it was "TRANSITORY"...

MrMountain
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"Many banks" thats a bloody low bar 😂

jelmerdevries
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All of this is bullsh#t and small potatoes, comparing to ability to raise debt, i.e. willing buyers

lukedziuball