As I was reading I kept thinking of The Wizard of Oz.
From The Blind Spot:
....If that’s true, it’s entirely possible that the last 10 years or so of sky-rocketing crypto gains were largely a transfer of “cheap money” financial profiteering, which — were not for the post GFC regulatory environment — would otherwise have been captured by the banking industry in the form of sky-high bank equity valuations....
....MUCH MORE
Pay no attention to that man behind the curtain.
