pull down to refresh
102 sats \ 3 replies \ @Undisciplined 17 Dec \ parent \ on: Banks and Strategy... Because That's What Strategy Is (Bloomberg, Matt Levine) econ
One of the differences, though, is that floods can't decide to happen when they notice that you're vulnerable to a flood: i.e. bankruns aren't exogenous events.
floods can't decide to happen when they notice that you're vulnerable to a flood
But places more vulnerable to flood have historically have had more flood damage! Clearly the floods are strategic about how they come about.