FT crypto watch March 21

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Cryptonauts we love you!!  Thanks so much for every Overton window positive crypto click with the Watch Army!! ROLLLL!!! 

Today's foray into tradfi Pravda: 

we laughed at this one yesterday:

Today on dead trees, the print eds take this agitprop to a whole nother level showing THIS pic:: Spin spin SPIN!!! Link below.  There was only ONE crypto firm THERE!!!! COIN!  Robinhood is a sleazy order flow selling outfit that will not even let you send your crypto OUT!!! So, implying that six monkeys in suits are humbled crypto bros is JUST A LIE!!! 

& That's IT for print crypto that says crypto!!! 

Our man Mighty Mo weighs in - TLDR: Mo says the Fed lacks "cognitive" diversity!! ar ar ar !!  & should quit going after multiple and competing objectives!! The Fed should raise the target interest rate and admit the new reality.  Mo points out the Fed caused these problems with loose money and then denying inflation.  

Mo doesn't think the Fed WILL do any of this, instead he thinks they might hold and BS aggressively, which will be worse in the long run!  & even now, the Fed has opened a new window that lets banks get loans at par for more than the securities are worth!! ar ar ar ar !! 

In other fun news:  Wall street 101 sez equity holders get wiped out before bond holders.  But not in today's rigged world!! Investors in AT1 bonds of Credit Suisse just ate a 17 billy loss.   That's 17,000,000,000 shot straight to ZERO for supposedly conservative ish bond holders.  Meanwhile, CS equity holders received a 3 billion dollar bailout!! Still down a lot, but not zero.  Why?? Cause loads of Saudis bank with the Swiss, and loads of those Saudis held CS stocks!!   

AH ha ha ha!!! NOT in the FT: This may not hold up in court.  But these days who knows?? all the shareholders were stripped of their voting rights!! 

ANnnnnnnd nothing new on crypto online!   Well that's funny.  Says it all, doesn't it?? We got ONE story when BTC hit 27,000.  Maybe we can haz one now that BTC is over 28K and HOLDING!!!???!!?? 

Oh well time for FUNNY (er) crypto news!! 

We love y'all!! Thanks for the clicks!!   Please refer a pal we need 19 more Watch Army members to hit 1,000!! DON'T LET THE FT WIN!! ar ar ar !!

Peace out, 

Regulation and Society adoption

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