PM
Regulators shut down New York City based Signature Bank on Sunday, a financial institution which had previously cut ties with President Donald Trump following the riot at the US Capitol on January 6, 2021.
Signature Bank is the second financial institution shuttered by the Federal Deposit Insurance Corporation (FDIC) this week after Friday’s collapse of Silicon Valley Bank. According to CNBC, “Signature is one of the main banks to the cryptocurrency industry. As of Dec. 31, Signature had $110.4 billion in total assets and $88.6 billion in total deposits, according to a securities filing.” More
In the end, the feelgood, rainbow equity impacted everybody… equally!
Ha Ha
Charades They Are
All of Them
The SVB situation explained in under two minutes. This is GOOD. Very funny. I right on the money.
gab.com/WallofPeople/posts/110011994487930052
with Bwaaknee Fwaaank on its board you don’t need to say any more.
“Get woke, go broke”.
The house of cards is beginning to tumble.
I don’t know why you are all so gleeful. They will be made whole with your tax dollars. The only ones getting screwed will be us.
Brad, that video was excellent. The Jim Cramer moment had me laughing so hard and anyone taking financial advice from that idiot.
I imagine the mortgage-backed securities held by SVB basically behaved the same as treasuries when the FED announced it was pushing up interest rates only worse.
Dr. Tar
I came up through my trade in Silicon Valley. Back then, and as of probably 12 years ago, high tech was something tangible, cutting edge. Semi Conductor manufacturing equipment, a lot of defense innovations,etc. Now high tech is exactly what they were describing. Phone apps. That entire hub of entrepreneurial genius has been reduced to making cell phone apps for 12 year old girls. Sad. Although DaughterRank had me cracking up. That guys pretty talented.
Antony P. Sorry, Wrong. Revisit your sources. Caused by interest rate hikes, and where they had their money. Not Trump. Blame policies and actions of the Fed to counteract Bidens inflation causing spending.
Money, it’s a gas
Grab that cash with both hands
And make a stash