Punjab National Bank

There's a compound effect to this, but let them succeed or fail based on the risk they take.

Central banking encourages bailouts, right? I love the reason that Bitcoin is so popular.

uh, attractive and why Kevin Warsh says it's a way to hold policymakers accountable.

You can't print more of it, right? It's what's in existence is what's in existence and prices drive down in comparison to Bitcoin because of its thick supply nature.

They closed the bank on a Friday.

They didn't open it for two weeks.

They had a two week banking holiday.

When they reopened the bank, they got all their money back.

In fact, there was a time when, I think in twenty seventeen, eighteen or in, uh, around twenty eighteen, around that time, when many public sector banks were put under prompt corrective action by the RBI.

Prompt corrective action is basically, in simple terms, is saying, "Do not give any further loans." So imagine banks being told, you know, big banks like Punjab National Bank being told, "No more, not a single penny is to be given out on loans." And that's basically saying that you cannot...

I mean, that's your business model.

You give loans, and that's how you earn money.