Signature Bank was done by the corrupt Anti-Crypto GovBankPol's of the Deep State...
They corruptly shut down Silvergate too... https://www.piratewires.com/p/crypto-choke-point https://nymag.com/intelligencer/2023/03/barney-frank-says-more-shuttering-si... https://www.reuters.com/business/finance/us-regulator-taps-piper-sandler-new... https://www.coindesk.com/policy/2023/03/15/silvergate-was-not-cut-off-from-f... “Any buyer of Signature must agree to give up all the crypto business at the bank, the two sources added.” Wait WHAT, the government making explicit decisions on who gets a bank account. And confirmed. This was an effective operation to shut down the crypto activities of the last remaining pro crypto bank reuters.com/business/finance… Let this settle any remaining doubt. The Signature closure was a targeted takeover in the darkness of a Sunday night to kill off legal activity from banking rails. Operation Chokepoint 2 is real. C2.0 confirmed nic carter 🌠 @nic__carter 6h it's perfectly normal to seize a solvent $100b bank on a sunday because you dont like their clientele 90 202 15 1,519 nic carter 🌠 @nic__carter 14h Shocking interview with Barney Frank -- pushes back at DFS' assertion that Signature wasn't closed due to an anti-crypto animus... whole thing worth reading @jenwieczner 👏👏 nymag.com/intelligencer/2023… Barney Frank Says More on Shuttering of Signature Bank “I was sort of vindicated — they have not argued that we were insolvent,” says the author of the Dodd-Frank Act. nymag.com 52 319 52 1,118 nic carter 🌠 @nic__carter 13h the whole thing is absolutely bananas. some extracts - if FDIC/Fed had acted on Friday, the run wouldn't have taken place - Signature was ready and able to open on Monday 4 28 1 209 nic carter 🌠 @nic__carter 13h - NYDFS never admitted that Signature was insolvent (!!!) - instead, they claimed that Signature didn't give them sufficient data - but that's no reason to nationalize a bank - reiterates that DFS' main intention was to send an anti-crypto message 7 50 4 303 nic carter 🌠 @nic__carter 13h The government can apparently seize banks that are not insolvent just because they do not like them. 15 74 7 443 nic carter 🌠 @nic__carter 13h Frank alleges that the Signature scalping was a warning shot to any other pro-crypto bank. Confirms Chokepoint 2.0 and says it's working 6 28 5 261 nic carter 🌠 @nic__carter 13h - confirms that he's not saying this out of a pro-crypto bias (has always been skeptical) - says there should be a way for banks to support crypto, and it can be done responsibly - thinks it's wrong for banks to be deputized as crypto regulators, should be left to SEC 3 10 2 186 nic carter 🌠 @nic__carter 13h the whole thing is just astounding. nymag.com/intelligencer/2023… Barney Frank Says More on Shuttering of Signature Bank “I was sort of vindicated — they have not argued that we were insolvent,” says the author of the Dodd-Frank Act. nymag.com 4 23 2 258 nic carter 🌠 @nic__carter 13h this wasn't some two-bit bank, this was a renowned NY institution with a large practice outside of crypto. they had >$100b in assets, this was the 3rd largest bank failure in US history. and they were nationalized, while not insolvent. absolutely insane 17 82 5 569 nic carter 🌠 @nic__carter 12h so the government is going to need to furnish some very good explanations for why they zeroed out $7b of equity market cap ($22b at peak) arbitrarily nationalising firms is something thuggish banana republics do, not the USA 37 55 9 516 nic carter 🌠 @nic__carter 11h ppl calling me a conspiracist for pointing out SI and SBNY shutdowns were political & suspicious ppl called me a conspiracist when i broke this news in early feb too. piratewires.com/p/crypto-cho… Operation Choke Point 2.0 Is Underway, And Crypto Is In Its Crosshairs detailing the Biden Admin's coordinated, ongoing effort across virtually every US financial regulator to deny crypto firms access to banking services piratewires.com 17 27 1 322 nic carter 🌠 @nic__carter 10h One last thing, to determine whether this theory has legs. If another bank acquires SDNY and Signet is _not_ included in the package, it is clear that DFS took them down to take Signet (critical crypto infra) offline. Watch this part carefully. 18 20 5 311 nic carter 🌠 @nic__carter 7h And confirmed. This was an effective operation to shut down the crypto activities of the last remaining pro crypto bank reuters.com/business/finance… Exclusive: U.S. regulator taps Piper Sandler in new bid to sell Silicon Valley Bank -sources Regulators at the U.S. Federal Deposit Insurance Corp (FDIC) have tapped investment bank Piper Sandler Companies to relaunch the auction of failed lender Silicon Valley Bank, people familiar with the... reuters.com 34 52 18 340 nic carter 🌠 @nic__carter 7h Where were the people telling me this had absolutely nothing to do with Signature’s crypto activities a couple hours ago? Leo Schwartz @leomschwartz 7h Now I think we can safely say that (crypto) Signet is done Show this thread 20 90 12 526 nic carter 🌠 @nic__carter 7h Took three hours for my “baseless conspiracy” to be proven correct nic carter 🌠 @nic__carter 10h Replying to @nic__carter @jenwieczner One last thing, to determine whether this theory has legs. If another bank acquires SDNY and Signet is _not_ included in the package, it is clear that DFS took them down to take Signet (critical crypto infra) offline. Watch this part carefully. Show this thread 6 5 3 191 nic carter 🌠 @nic__carter 14h So FHLB says they didn't compel Silvergate to prepay their advance; however, that prepayment is what triggered SI's collapse So Silvergate inexplicably committed suicide? That's the best explanation we have right now? coindesk.com/policy/2023/03/… 23 29 6 284 nic carter 🌠 @nic__carter 14h No one appears to know why SI abruptly prepaid their FHLB loan (and plunged themselves into bk), except presumably SI execs, who aren't saying anything, probably bc of pending lawsuits. So we have mysteries on mysteries. 6 7 2 100 nic carter 🌠 @nic__carter 16h Whip Emmer nails it. Coincidence that the three most prominent crypto-focused banks were taken down/nationalized in a week? Despite all surviving the crypto drawdown prior? Deliberate regulatory fragilization + opportunism is what killed them, not crypto. Tom Emmer @GOPMajorityWhip 19h Today, I sent a letter to FDIC Chairman Gruenberg regarding reports that the FDIC is weaponizing recent instability in the banking sector to purge legal crypto activity from the U.S. 👇 23 170 10 780 nic carter 🌠 @nic__carter 16h This outcome is extremely convenient for regulators that have been the _warpath_ against crypto-servicing banks. These 3 were not the 3 most HTM-security exposed banks, but they were the only 3 that were taken out I look forward to answers from the FDIC & NYDFS 5 5 1 148 nic carter 🌠 @nic__carter 17h USG- running critical infra powering the crypto industry thank u mr biden