Barney Frank Sat on Board for Collapsed Signature Bank
Former Rep. Barney Frank (D-MA), author of the 2010 Dodd-Frank bill, sat on the board for Signature Bank, which has collapsed.
www.breitbart.com
Buckle Up: Silicon Valley Bank Seized by the Fed
- Thread starter John Stark
- Start date
www.breitbart.com
Central Bank Digital Currency Is the Endgame - Part 1
Central bank digital currency (CBDC) will end human freedom.
iaindavis.substack.com
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Weimar Silver Baron
@BankerWeimar
Not the first time
@BarneyFrank
has helped to cause a bank crisis. “I want to roll the dice a little bit more in this situation towards subsidized housing” -Barney Frank (2003) He then wrote the bill to regulate the banks and now cashes in sitting on bank boards.
7:01 PM · Mar 13, 2023
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Weimar Silver Baron
@BankerWeimar
Arab Spring 2.0 is starting, it will be bigger and more global, with shortages begetting new shortages as people riot
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spat
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But the tweets.....
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pat
@patgill69033215
$100BN wiped off US banking market in SINGLE DAY in bloodbath https://mol.im/a/11855573 via
@MailOnline
Build back Better?????
dailymail.co.uk
$100BN wiped off US banking market in SINGLE DAY in bloodbath
Trading was intermittently halted on at least 20 regional banks as the velocity of money forced regulators to intervene on Wall Street.
7:12 PM · Mar 13, 2023
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Saltwater60
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Is the Enron CEO going to run the new chip factories too?Central Bank Digital Currency Is the Endgame - Part 1
Central bank digital currency (CBDC) will end human freedom.
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livingston
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'Shark Tank' star shares biggest lesson from the SVB collapse
Kevin O’Leary Stuns CNN Panel Telling Them “Biden Just Nationalized U.S. Banking System”…
March 13, 2023 | Sundance | 237 Comments
The CNN panel was jaw-agape as Kevin O’Leary appeared earlier today to inform them the decision by Joe Biden to guarantee every deposit in U.S. regional banks is akin to “Joe Biden just nationalized the U.S. banking system.”
O’Leary is correct, and anyone who is holding assets like stocks or bonds in U.S. banks now needs to reconsider the disappeared line between government and the bank assets. If the government can assume, control and backstop every single account balance within the bank, the government can assume and control all activity of the bank. WATCH:
Comrade citizens, at the end of this rainbow of bank nudges, we will find ourselves at the footsteps of a government controlled central bank digital currency.
https://theconservativetreehouse.com/wp-content/uploads/2023/03/Kevin-O-Leary.jpg
Kevin O'Leary Stuns CNN Panel Telling Them "Biden Just Nationalized U.S. Banking System"... - The Last Refuge
The CNN panel was jaw-agape as Kevin O’Leary appeared earlier today to inform them the decision by Joe Biden to guarantee every deposit in U.S. regional banks is akin to “Joe Biden just nationalized the U.S. banking system.” O’Leary is correct, and anyone who is holding assets like stocks or...
theconservativetreehouse.com
AND there it is.
livingston
20×102mm Vulcan
heidi
March 13, 2023 4:04 pm
All roads lead to Dimokkkrat money laundering.
THE SILICON VALLEY BANK COVERUP – AND THE ROADS LEADING TO GOV. GAVIN NEWSOMThe bank just deleted their Twitter account. So much for transparency from a bank that is now 100-percent backed by taxpayers.
excerpt:
Silicon Valley Bank’s “Behested” $100,000 Gift To Newsom’s Nonprofit
Our auditors at OpenTheBooks.com found that California Governor Gavin Newsom, through a nonprofit organization his wife, Jennifer Siebel Newsom founded, the California Partners Project, has very close ties to the bank.
In 2021, SVB gave $100,000 in corporate gifts to the Newsom nonprofit. These gifts are so intertwined with the Newsom’s that they are listed as a matter of California ethics law on a state government website, California Fair Political Practices Commission.
All nonprofit donors are listed on the state website if they are “behested” gifts. The term “behested” means “at the request, suggestion, or solicitation of, or made in cooperation, consultation, coordination or concert with the public official.”
In this case, it’s the governor who behested the Silicon Valley Bank $100,000 gift. It’s the governor who requested, suggested, solicitated or cooperated, coordinated or acted in concert to procure the gift. However, the mandatory-state-disclosed conflict-of-interest listing also names his wife, Jennifer Siebel Newsom. That’s because, Mrs. Newsom, is also a public official, the first ever “The First Partner.”
Siebel Newsom’s public duties including running the Office of First Partner which was created by the governor shortly after inauguration. Since 2019, the governor allocated nine staffers and nearly $5 million in taxpayer funds for his wife’s office… ~
THE SILICON VALLEY BANK COVERUP – AND THE ROADS LEADING TO GOV. GAVIN NEWSOM
Charles Payne Hits the Nail on the Head - The Biden Action is a Bailout for Silicon Valley - The Last Refuge
The installed occupant of the White House said something today that is just brutally false on its face. From the words typed into the teleprompter of Joe Biden you hear, “No losses will be borne by the taxpayers. Instead, the money will come from the fees that banks pay into the Deposit...
theconservativetreehouse.com
Saltwater60
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The NY a post said there is a fund that banks pay into to pay depositors and that is where the money is coming from… for now.
Of course this is good we’re not paying it but how long will this fund last if this Carrie’s on. I would say another 1-2 banks will fail before this is over.
Of course this is good we’re not paying it but how long will this fund last if this Carrie’s on. I would say another 1-2 banks will fail before this is over.
John Stark
.44 mag
Well played sir. Well played indeed.
The government has yet again exceeded their powers. The FDIC should only be responsible for covered accounts of 250k or less. This is bullshit because China.
livingston
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livingston
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Saltwater60
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I was only saying where the money came from according to the post. I asked and I think others were wondering how all the money would be covered without dipping into tax payer funds. I’m also guessing the find is only so large and if more banks fail the new standard will be applied but tax payer money will be used.
I agree the government over stepped their authority by confiscating two banks and their assets. It seems their assets are worth more than their debts according to every article I have read so I’m wondering what will happen to the excess? Will it be given to those nasty rich shareholders or will the government take it to pay the FDIC workers so we aren’t actually out any funds by tax payers?
I have a feeling like you that there is much more to this story than we are being told. This encourages more government overreach and more control leading to more government dependency. NYS a took over the other bank and immediately handed it over to the feds? These are private businesses how do they even know these banks are in this shape?
Because everything is monitored, tracked and cataloged.
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The FORBES Curse – After Being Named One of the Best Banks in America – Silicon Valley Bank Fails
Daily Mail pointed out that Forbes has become the kiss of death. Recently, Silicon Valley Bank was reported by Forbes as one of the best banks in America for the 5th straight year. The bank was happy to also have been picked by Forbes to the publication’s inaugural Financial All-Stars list.
The FORBES Curse - After Being Named One of the Best Banks in America - Silicon Valley Bank Fails | The Gateway Pundit | by Joe Hoft
Forbes now has a track record for picking and promoting losers. Forbes magazine, the once conservative publication that has since turned hard left shows that the leftward mentality affects their picks as well.
www.thegatewaypundit.com
Bustedknees
12-gauge slug (smooth bore)
Second paragraph:
Customers withdrew $42 billion in a single day last week from Silicon Valley Bank, leaving the bank with $1 billion in negative cash balance, the company said in a regulatory filing. The staggering withdrawals unfolded at a speed enabled by digital banking and were likely fueled in part by viral panic spreading on social media platforms and, reportedly, in private chat groups.
SOCIAL MEDIA WAS THE CAUSE OF THIS!!!!!
They are getting the narrative straight....
dwa12479
.338 Win Mag
Problem there is the politicians all do the same thing. The trouble with playing dirty, is there's no one to run to when others wanna play dirty too.
A Bank Crisis Was Predictable. Was the Fed Lying or Blind? | Tho Bishop
"The short-term question is whether the efforts of the Fed and the Treasury are enough to prop up confidence and prevent escalating pressure on financial institutions. However, these are not solutions to the underlying systemic problems that these bodies have created.
Unfortunately, the consequence of the complete politicization of the economy is that financial policies are necessarily focused on the short term at the expense of the long term.
There is no serious solution until there is the political will to deal with our monetary hedonism."
"The short-term question is whether the efforts of the Fed and the Treasury are enough to prop up confidence and prevent escalating pressure on financial institutions. However, these are not solutions to the underlying systemic problems that these bodies have created.
Unfortunately, the consequence of the complete politicization of the economy is that financial policies are necessarily focused on the short term at the expense of the long term.
There is no serious solution until there is the political will to deal with our monetary hedonism."
WOW... Silicon Valley Bank gave $73,450,000 to "BLM Movement & Related Causes"