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Comments by "" (@albacus2400BC) on "Charles Schwab CEO on SVB fallout, contagion risk and deposits" video.
We underestimate the fact that banks are corporate entities also governed by greed. Since 2020, the banks have been over-leveraging their assets, which was one of the reasons for SVB's implosion. I have never been okay with keeping much money in the bank. I simply invest through my financial advisor, collect my profits, which I then spend.
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