Part 9/12:
Michael Berry, a famed investor who profited during the 2008 housing crash, initially suggested that the crisis might resolve quickly, noting that the regulatory measures appeared to have averted disaster. However, his subsequent, now-deleted tweets hinted at caution, acknowledging that the situation remains precarious.
Venture capitalist Jason, a friend of Elon Musk, expressed alarm, emphasizing that the scenario should be taken seriously. He highlighted that the VC community, fearing contagion, moved their funds from smaller banks into the big four—Bank of America, JPMorgan, Citi, and Wells Fargo—exposing the fragility of the regional banking sector.