2008 recession starting all over again 🎉
Happened so fast!!! 2008 this played over 2-4 weeks! Hopefully bank runs are contained. But this is just the beginning. Back in 2008 - the first subprime lender filed for bankruptcy in early 2007, Bear taken out in Q1’2008, Lehman Sept’08 and the market bottomed in March 2009
FDIC is so critical. Lesson to not keep more than $250k at any one bank
Does fdic have enough money? Lol. We are about to witness a lot of naked bodies when this tide rolls out.
treasury dept is now involved and they could always ask fed to lend some cash
We will still get to see who was swimming naked before life guards come in to help :)
YC started it. they practically recommended companies to start pulling funds while they could
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Is this enough weight for bench press
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