The hoon for the week that was to March 25
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TLDR: This week’s news in geopolitics and Aotearoa’s political economy covered on The Kākā included:
* The runs on Silicon Valley Bank and First Republic Bank on the west coast of the United States that forced the US Treasury, FDIC and Federal Reserve to intervene to promise full payouts to depositors, over and above the US$250,000 deposit guarantees legislated for, and lend tens of billions to banks to keep them liquid (Wednesday’s email and podcast);
* The orchestrated rescue and takeover of Credit Suisse…
The skinny
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