Subnostr

Replying to

falsefaucet

So what brought Signature Bank down?

Heard a shit ton about SVB, but what's the deal with Signature?

Jason the Original 2y ago

All banks have gotten wrecked owning fed bonds. They are all fuqd.

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Discussion

falsefaucet 2y ago

Yes, I'm aware lots of banks have the same problem/issue. But they weren't going into fifth third bank, or s&t bank. And all media coverage is regarding SVB not alot mentioned about Signature beside the FDIC takeover headline. Was wondering if I missed something.

Squirrel Master 🐿️ 🇮🇱 🇵🇸 2y ago

Barney Frank is saying it was not insolvent and was targeted by regulators for being crypto-friendly. Seems suspicious to me tho

Jason the Original 2y ago

They are trying to not let people realize we are on the verge of every bank collapsing because of the rates.

If they let NPCs know that, then every bank in America with will be insolvent by Friday.

Jason the Original 2y ago

I need more bullets.