Will the regional banking crisis ever end? - Episode 149

Cas Piancey and ‪@bennettftomlin‬ discuss the ongoing struggles of regional banking in the United States, and why these issues with the system persist.
This video was recorded on March 6th, 2024.
Read more: cryptocriticsc...
Additional episodes mentioned in this episode:
Episode 147 - MONEY TIME: Deltec Bank moved customer funds from FTX to Alameda Research
• MONEY TIME: Deltec Ban...
Episode 116 - The FDIC, Infinite Insurance, and Moral Hazards (feat. Rohan Grey)
• How To Insure All Bank...
Additional resources:
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Bennett's KZbin: ‪@bennettftomlin‬
Bennett's D&D KZbin: ‪@BTDND‬
Bennett's BlueSky: bsky.app/profi...
Cas' BlueSky: bsky.app/profi...
Bennett's Mastodon: mstdn.social/@...
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Cas' Blog: / thecaspiancey
Bennett's Blog: bennettftomlin...
Timestamps:
#crypto #cryptocurrency #podcast #podcasts #listenable

[@steveballmer5945]

These guys not having 100K subscribers is a crime.

[@Oscar_Von_Doom]

What a gem of a segment. Great job guys.

[@marilee3566]

Thanks, guys! Once again a great, educational discussion/rant..

[@SuprBestFriends]

So much to cover with banks. Great vid! Keep it up.

[@AmaliaAlexieff]

"Shareholders" vs. depositors: No man can serve two masters..."

[@smc4229]

I really liked the middle part of the episode where you both struggled with how a bank can simultaneously be a: Public good Reward shareholders Take care of customers and their deposits And how maybe you only get to pick one (shareholder value) in a capitalist system

[@TheVirtualObserver]

I think a balance could be made in a carefully tuned stakeholder-capitalist system, however considerable regulations and political will to enforce those regulations would need to be in place first to ensure that the system doesn't revert back to a shareholder-capitalist system.

[@xJAKEx117x]

That whole video, that whole rant was just to shill CasCoin... Well, I fell better. Lol, but in all seriousness, good video guys.

[@mdevvvo]

keep up the good work

[@doodlebug1820]

i would like to see you guys interview some of the old timers who used to regulate banks, work in banks, or especially write about banks, who are retired and no longer have so many restrictions on what they can talk about or what they can say. I feel like they can have some good insights on these theoretical big picture concepts.

[@1painter4hire]

Love these Guys ! In a professional way .. well in a i respect their work way... Not in a diddy way ... 😂😂😂

[@sunnohh]

In Cas coin we trust

[@Mackeykevin]

Thank you for a new show

[@edwardsp1916]

I'm surprised by Cas's comments on pharma as some of those companies are worse than banks for their greed of money.

[@colekombrinck]

if people actually cared or knew about crypto they’d listen to this pod

[@picahudsoniaunflocked5426]

It's bonkers the authorities treat transparent oversight + accountability like they're public infohazards.

[@richardlivings8640]

The lack of any consequences from the Silicon Valley collapse means there were lessons to be learned…which is why they are carrying on as before.

[@Farmer1224]

#️⃣ CasCoin

[@picahudsoniaunflocked5426]

The only thing wrong with community banks is they don't bet on Cas Coin

[@davidwcooney]

You keep saying that banks are a public good, but that is not actually correct. A public good is something that is owned by the government for the public use. This would be like the buses used for public transportation or public utilities. I would agree that a bank is a social good, but as privately owned institutions they are not a public good. However, if the government is going to backup the banks, then the government certainly should place obligations on them.

[@sansmuch]

You swapped sides on the screen! Discombobulating :)

[@__Dave__]

Go visit your local DMV and then tell me how banking should be a public good lol. There is a middle ground between treating them like utilities and the blank check bailouts packed with moral hazard.

[@__Dave__]

That middle ground is found by breaking up these GSIB sized mega banks and going back to smaller, more decentralized banks. Each one individually is riskier but the banking system as a whole is less risky. Our local community bank pays employees for one day of community service a year plus being more flexible when lending locally and backing local charities.

[@__Dave__]

If there’s a big deal that needs done just do a participation, it’s standard practice at smaller banks.

[@carlchristiansteglich-pete6409]

Wow, how ridiculous bringing personal feelings into the show