Valin Posted March 13 Share Posted March 13 The Daily Wire Greg Wilson Mar 13, 2023 Former President Trump might be glad Signature Bank refused his business following the Capitol riot, now that the New York-based lender is the latest institution to be shut down by regulators. Word that the New York state regulators had closed down the bank came on Sunday, just two days after the California-based Silicon Valley Bank collapsed. The activity has generated fears that jittery depositors could try to withdraw their savings from lenders around the country, potentially destabilizing the banking system. But back in 2021, Signature Bank didn’t want one billionaire’s business. “We witnessed the President of the United States encouraging the rioters and refraining from calling in the National Guard to protect the Congress in its performance of duty,” Signature Bank said in a statement at the time. “At this point in time, to ensure the peaceful transition of power, we believe the appropriate action would be the resignation of the President of the United States, which is in the best interests of our nation and the American people.” CNBC reported that Signature Bank was deeply invested in volatile cryptocurrency and had $110.4 billion in total assets and $88.6 billion in total deposits as of the end of 2022. After Sunday’s move by state regulators, the Federal Deposit Insurance Corporation took control of the bank. (Snip) Link to comment Share on other sites More sharing options...
Geee Posted March 13 Share Posted March 13 I read on Twitter that Barney Frank is on the board of this bank. You know, the Barney Frank that should have gone to jail after the S&L debacle. Link to comment Share on other sites More sharing options...
Valin Posted March 13 Author Share Posted March 13 9 minutes ago, Geee said: I read on Twitter that Barney Frank is on the board of this bank. You know, the Barney Frank that should have gone to jail after the S&L debacle. Barney Frank, you're not talking about the guy who was (in large part) responsible for the 08 cash? Link to comment Share on other sites More sharing options...
Geee Posted March 13 Share Posted March 13 1 hour ago, Valin said: Barney Frank, you're not talking about the guy who was (in large part) responsible for the 08 cash? Ahhh - back when comedians were allowed to be funny!!!! 1 Link to comment Share on other sites More sharing options...
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