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https://twitter.com/FedGuy12/status/1576243844060176384?t=ZOeaj2cEf4clijXMY2lUQw&s=19And CBs generally have a better understanding of what banks are doing than non-banks. My friend here is joking, but the substantive point is that regulators have had plenty of warning (unlike in 2008)
https://twitter.com/PolemicTMM/status/1576321920286326784?t=ZOeaj2cEf4clijXMY2lUQw&s=19