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Coming out with absurd excuse in case of SVB crisis like imbalance of short & long term maturities of borrowing making capital position weak is nonsense as tech enables banks to balance portfolio in safest possible manner. Issue is fed & govt was creating risk for middle class
I am sure the select few will make billions.
The Root Cause Analysis of 99% of I.T. Failures is Mathamatical Paralysis.
Dreams of individual idealists-IT's that they will be allowed to become an important part of the 5++ level (metauniverses), are gone - they dreamed and enough, the reaping has come. The elite will take the promising developments and throw away the rest...
For ordinary people in the U.S., everything will end in any case, turning the socio-economic crisis into a catastrophe closer to 2025-2026. The participants will be deported to an inhospitable shore to the common population.
The process of controlled destruction of 'young money' (fortunes created in the last decades in bubbles) and throwing out of the financial Olympus players who do not have the proper overall status is complicated and dangerous by a general collapse.
another scam