Posted on Mar 13, 2023
Regulators Announce Closure of NY's Signature Bank, Which Held Significant Crypto Stakes
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Regulators Announce Closure of NY’s Signature Bank, Which Held Significant Crypto Stakes
MY SAY: If everyone involved will be "made whole" what are the consequences for risk-takers? Why should We the People be on the hook for uninsured & reckless entities?
MY SAY: If everyone involved will be "made whole" what are the consequences for risk-takers? Why should We the People be on the hook for uninsured & reckless entities?
Regulators Announce Closure of NY's Signature Bank, Which Held Significant Crypto Stakes
Posted from theepochtimes.com
Banking
Money
Posted 1 y ago
Responses: 1
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I can't understand how FDIC can independently change their rules of insuring only up to $250,000.00. If other banks dissolve into receivership I hope there is enough money to go around. I have already read where President Biden's spending policies the last 2 years are what caused this collapse.
https://www.foxnews.com/media/svb-collapse-tip-iceberg-biden-spending-policies-economist-warns
https://www.foxnews.com/media/svb-collapse-tip-iceberg-biden-spending-policies-economist-warns
SVB collapse only 'the tip of the iceberg' under Biden spending policies, economist warns
FreedomWorks chief economist Steve Moore said high inflation and interest rates caused financial problems for banks like SVB.
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MAJ Montgomery Granger
Where were these economists the last two years? Kissing up to the Biden cabal! Being WOKE. Denying inflation and recession! Silent on over $130 BILLION to Ukraine. Ignoring kid-in-a-candy-shop spending. Crypto as king - of NOTHING! Regulators also ASLEEP! Now, no consequences?
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SFC (Join to see)
MAJ Montgomery Granger - I believe it’s more the policy of the two actions of spending newly printed trillions of dollars the last 2 years and raising interest rates while still spending like a drunken sailor/soldier on a Friday payday in the old days. Regulators can't help that.
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