Next "career ending" crisis already here?
03-13-2023, 04:43 PM
#3
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Joined APC: Jan 2023
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03-13-2023, 07:51 PM
#5
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Posts: 1,363
Yes, agreed. People often forget that EVERY business that runs itself into insolvency has a CEO and lots of other people who are supposed to be smart making extremely risky/bad decisions. In the next few, it seems like more and more of these businesses will be discovered/exposed...
03-13-2023, 08:43 PM
#6
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Joined APC: Jan 2017
Posts: 2,510
Yes, agreed. People often forget that EVERY business that runs itself into insolvency has a CEO and lots of other people who are supposed to be smart making extremely risky/bad decisions. In the next few, it seems like more and more of these businesses will be discovered/exposed...
03-13-2023, 09:12 PM
#7
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Joined APC: Jan 2018
Posts: 2,264
Yeah. Let’s hope so. But the media narrative wants to spin this that the sky is falling. It CAN’T be that these are relatively isolated because someone made some bad investment decisions that really don’t amount to much outside of their relatively small business sector.
03-13-2023, 11:21 PM
#8
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Joined APC: Oct 2017
Posts: 925
Fractional reserve banking is really vulnerable to bank runs and can put banks in a liquidity crunch, even if they are properly managed and risk adverse. The government had to step in to backstop this to prevent the bleeding from carrying over and crushing regional banks. Even banks who are responsibly lending will have a liquidity crunch because they are lending out customer deposits to make a profit. This is a feature, not a bug, of the system.
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