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 ...
And you’ve been around long enough to know that’s how that pedophile’s name is spelled here on FR.
Bawney Fwank famously proclaimed Fannie Mae and Freddy Mac as solid institutions right after W had proclaimed them highly vulnerable in 2005.
Probably a lot of libtard banks are frauds without money to cover deposits should customers decide to withdrawal
Bar Harbor Bank assured me they don’t do any wonk investments
>> Barney Frank again?
The POS responsible for the notorious CRA lending practices
+1
Donald Trump is privately laughing his ass off over this one.
this needs to be spread far and wide.
with links to relevant articles:
13 March: ClimateDepot: Marc Morano: Bank of England Downgrades Net Zero & Will Cut Spending for its Work on Climate Change – Shift ‘to focus on core areas’
Bloomberg: Cost pressures prompt central bank to focus on core areas... Climate programs will slip lower on the central bank’s agenda so officials can focus more on the core operations such as financial stability, markets and a digital currency, according to a person with knowledge of the situation who asked not to be named. The BOE’s climate work currently focuses on building ESG disclosure guidelines, preparing insurers for risks from rising global temperatures and getting banks to carbon-test their balance sheets...
https://www.climatedepot.com/2023/03/13/bank-of-england-downgrades-net-zero-will-cut-spending-for-its-work-on-climate-change-shift-to-focus-on-core-areas/
For as many years as that crypoid has been sucking at taxpayer money, you’d think he would’ve learnt how things work, but noooooo. He only cares about the gravy train and spewing sh*t that ain’t real to keep the natives riled up against “da man” who pays his “salary”.
My bank is sending notices to everyone, begging them not to pull their money out.
dragnet2 wrote:
“
My bank is sending notices to everyone, begging them not to pull their money out.
“
What bank; might they be on this list of 30 mentioned here?
I think most of what happened is that the depositors found out that corrupt idiot Bawney Fwank is on the Board of Directors of their bank.
I didn't get any notices, so I pulled money out of two of my banks today. Teller friendly, didn't bat an eye - no lines. I guess the smaller banks are worried. One of my daughters is a high-level manager at Wells Fargo, she said that there were no discussions at work today about any banking news, and she thought that was strange.
Bawney Fwank?
I though it was spelled Bawney Fwag!
Nope, that's Barney Fag.
Bonus Question: Who's the Republican Politician that said it?
Dick Armey.
You can’t make this stuff up!
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