“So…great show. One thing: didn’t “I worked at the Fed” Joseph Wang state that SVB was a “one off?” Guess not: a few hours later when he showed up again and talked exclusively about a bank he seems to know very little about — and blame it on the “the stupid.” Interest rate swaps duh! Derivatives! Duh. CLOs! Duh..Where does the Fed figure in in all this confusion? No one apparently knows. Why does Wang keep showing up everywhere making bad analyses that flop a few hours later? We get he hates tech and is all about the working stiff who should have money in Fed backed money markets— and definitely not banks. 4.75 pc. No this is about SVB and “rich people”. Understood. Tech financing is gone. Happy?”
Inspector DickPhD via Apple Podcasts ·
United States of America ·
03/14/23