03-21-2023, 12:28 PM
#1
Changpeng Zhao tweeted, “every ten years or so a bunch of banks fail. We bail them out and then get stuck in a cycle where each failure is more costly. At the same time, it is very difficult for neobanks to be allowed to compete in the market. Neobanks They are also required to operate in the exact same way as bankrupt banks. Is this really a free market?” A user suggested that Changpeng Zhao buy an existing bank, which Changpeng Zhao said would mean having to deal with all legacy business.
[Image: hs9GbsG.gif]