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Eh, those mistakes happen still, we just don't let consequences of them happen.



SVB shareholders losing 100% of their investment seems like a consequence. They are probably kicking themselves for not doing more DD over the C-suite.


Sure. The point I was making that the mistakes which caused bank failures in 1930s and bank failures today, is fundamentally the same kind of mistakes. Ergo, we still make those mistakes; they still happen, we just don't let depositors bear the consequences of it anymore.




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