Posted on 03/13/2023 2:49:11 PM PDT by Rummyfan
- On Friday, Signature Bank customers spooked by the sudden collapse of Silicon Valley Bank withdrew more than $10 billion in deposits, a board member told CNBC.
- That run on deposits quickly led to the third-largest bank failure in U.S. history. Regulators announced late Sunday that Signature was being taken over to protect its depositors and the stability of the U.S. financial system.
- “I think part of what happened was that regulators wanted to send a very strong anti-crypto message,” said board member and former congressman Barney Frank.
On Friday, Signature Bank customers spooked by the sudden collapse of Silicon Valley Bank withdrew more than $10 billion in deposits, a board member told CNBC.
That run on deposits quickly led to the third-largest bank failure in U.S. history. Regulators announced late Sunday that Signature was being taken over to protect its depositors and the stability of the U.S. financial system.
(Excerpt) Read more at cnbc.com ...
Hasn’t he died yet?
οι πονεροι μακροβιοι.
“The wicked have long lives”
Bingo. It’s all about the power of digital currency. Kristi noem does a great job of explaining how states are being pressured through pass the new commerce rules. Most especially the feds monopoly of digital currency.
Watch the other hand during a “ crisis”.
This is simply driven by the same mechanism as the winter of death Covid narratives.
They are openly stated they must be able to control the flow of money in real time. If you think they have good intentions. Then you misread it. They are god intentions.
Do you think you will be able to financially support your church, FR, traditional values… not gonna happen.
Somehow the criminal class will be able to though. There is always a carveout for them.
Signature was the next biggest crypto-focused bank after Silvergate.
Signature bank was Trumps bank for lending and checking accounts. Not sure he is laughing at anything about now.
Signature canceled Trump’s account, right? I’d say that’s karma.
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