JUST IN - Signature Bank has been closed by U.S. regulators.
Buckle Up: Silicon Valley Bank Seized by the Fed
- Thread starter John Stark
- Start date
John Stark
.44 mag
BSNews is reporting that Biden is taking further steps to ensure liquidity flow in the markets, and to avoid any further bank runs:
"President Pudding Pop issued an executive order to the US Treasury in the face of a potentially troubled banking industry. The head of the Office of Digital Assets has been instructed to hold his index finger down on the zero (0) key on his keyboard until America is flush with funds again, and our nation's prosperity can continue unabated."
When asked for comment, a lively John Maynard Keynes, stated, "The President today has proven that quantitative easing is the most effective tool to protect financial markets and those who bet on the ponzi we created more than a century ago. The economy needs liquidity. Its the best metric of a fiscally healthy and prosperous nation, and the only way to create true, lasting wealth out of thin air."
President Xiden's press secretary put out a press release saying, "We understand that the American People are worried about the volatility we're seeing in some or our nation's blood banks. We want to ensure our citizens that every blood bank is well stocked, and the blood sucking vampires who quietly run our ponzi scheme for us are carefully monitoring the country's blood supply, down to the last drop. Every unit has been collected from those who have had at least 30 booster shots, so there is no worry about the contagion spreading to other blood banks."
"President Pudding Pop issued an executive order to the US Treasury in the face of a potentially troubled banking industry. The head of the Office of Digital Assets has been instructed to hold his index finger down on the zero (0) key on his keyboard until America is flush with funds again, and our nation's prosperity can continue unabated."
When asked for comment, a lively John Maynard Keynes, stated, "The President today has proven that quantitative easing is the most effective tool to protect financial markets and those who bet on the ponzi we created more than a century ago. The economy needs liquidity. Its the best metric of a fiscally healthy and prosperous nation, and the only way to create true, lasting wealth out of thin air."
President Xiden's press secretary put out a press release saying, "We understand that the American People are worried about the volatility we're seeing in some or our nation's blood banks. We want to ensure our citizens that every blood bank is well stocked, and the blood sucking vampires who quietly run our ponzi scheme for us are carefully monitoring the country's blood supply, down to the last drop. Every unit has been collected from those who have had at least 30 booster shots, so there is no worry about the contagion spreading to other blood banks."
Ok this might have legs to it....
.gov trying to hard to calm people. You know what that means.
.gov trying to hard to calm people. You know what that means.
holdover
.475 A&M Magnum
So how are going to spin the next payment to Ukraine?
spat
.950 JDJ
MothMan
.338 Win Mag
Get out your wheel barrows boys. Gonna need them to carry your $100 bills to the bread store. Hyper-inflation here we go!!
99cummins
.308 Win
Cue the high profile shooting, domestic terrorist, not so natural disaster, Covid version 17, a bombing…
Really curious what happens Monday morning with banks and the stock market
Went to my three banks yesterday, I will be going to them in the morning as well. I will again, take out the daily limits and add that to my current supply of cash on hand.
I will then drive over to my Metals dealer and see what I can purchase there.
I will then drive over to my Metals dealer and see what I can purchase there.
JunkBoxFull
.308 Win
Yep, divert the attention by CREATING a diversion. Sheep are so easy to fool with wolf trickery.
JunkBoxFull
.308 Win
I cleaned out ALL my money last fall. My wife finally realized it was the right thing to do, she cleaned her`s out a couple months ago.
They won`t be taking any money away from us now. Things will cost more, sure, but they wern`t able to STEAL a dime from our accounts.
Any money or retirement account`s we had between my wife an i, are now closed. Banksters be mad...ZERO FUKKS GIVEN!
MothMan
.338 Win Mag
Here some latest news as to market futures for tomorrow.
Stock Market News, March 13, 2023: Dow Falls, Nasdaq Rises to Cap Turbulent Session — The Wall Street Journal
Live updates of what's moving markets, including the Dow, S&P 500 and Nasdaq Composite.
stocks.apple.com
My
as to the markets move manjana is that a lot of whispering is going into the ears of the big brokerage houses. Something to the effect of you will keep the market positive or you will be Clintonized.
MothMan
.338 Win Mag
Ya there are rumors of a secret white house - senators briefing on the status of the banking system happening tonight... On a Sunday night.
Take that for what it means and read between the lines. They don't call that meeting unless there is very real fear of economic shtf meltdown occurring.
An emergency economic meet on Sunday night between the white house and US senators.
This is serious. They're trying really hard to get their talking points aligned to prevent panic.
spat
.950 JDJ
They will print dollars and hand them out like candy to try to keep the system afloat.
The inflation will burn any cash you pulled out.
Physical cash on hand will barely be any better than it was sitting in a closed bank.
Non cash assets (or maybe some foreign currencies) will retain some value.
Getting your money out of the hands of the banks is all well and good, but how well positioned are you to handle 500% inflation ?
How well positioned are
So does this mean Oprah gets her half billion back?
JunkBoxFull
.308 Win
Spat,
my wife an i are all good. We will be able to weather anything that hits us, even your imaginary 500% inflation, exception to a nuclear bomb. We are not the average type of people. We are prepared, and extremely efficient. We`re all good brother. Just trust me on that. There was 2 mama`s that didn`t raise 2 fools. I can honestly say, we knew this was coming a long time ago. We already knew ahead time, and to be well prepared for it when it came. And we are, very well prepared.
What goes up... always comes back down. The bubble is popping. This will be extremely painful for alot of ignorant people who never believed it could happen. The balloon can only hold so much air, then it pops. So here we are brother.
John Stark
.44 mag
Its not a payment comrade. You are engaging in wrong think!
Its a very sound "investment."
You may not directly reap from the "investment," but it will trickle down to you plebes when you get your weekly ration of cheese and bread after standing in the bread line for 6 hours.
And if you don't believe that, we (the "government") have guys who can break your knee caps for you so that you can see the light...
livingston
20×102mm Vulcan
BREAKING NEWS – The U.S. Treasury, Federal Reserve Board, FDIC and Joe Biden collectively announce that *all* depositors with Silicon Valley Bank (SVB) will have access to their funds – regardless of amount deposited. Also, all senior bank management has been terminated.
https://theconservativetreehouse.com/wp-content/uploads/2023/03/SVB-1-1.jpeg
This announced action appears to cover those under FDIC protection ($250k or less) and those above FDIC protection (deposits greater than $250k). The only vulnerability is that SVB “shareholders and certain unsecured debtholders will not be protected.”
theconservativetreehouse.com
https://theconservativetreehouse.com/wp-content/uploads/2023/03/SVB-1-1.jpeg
This announced action appears to cover those under FDIC protection ($250k or less) and those above FDIC protection (deposits greater than $250k). The only vulnerability is that SVB “shareholders and certain unsecured debtholders will not be protected.”
BREAKING - U.S. Treasury Steps In - All SVB Depositors Will Have Access to Their Money on Monday - The Last Refuge
This announced action appears to cover those under FDIC protection ($250k or less) and those above FDIC protection (deposits greater than $250k).
theconservativetreehouse.com
livingston
20×102mm Vulcan
SVB had NO head of 'risk assessment' for nine months before it collapsed... as woke boss for Europe, Middle East and Africa was busy organizing a month-long Pride campaign and a 'Lesbian Visibility Day'
- The collapsed Silicon Valley Bank had no risk assessment head for nine months
- The bank's previous head left in April 2022, her replacement wasn't named until January
- While the bank's European risk officer is accused of being more focused on diversity efforts
- 'Jay is a leading figure for the bank’s awareness activities including being a panelist at the SVB’s Global Pride townhall to share her experiences as a lesbian of color, moderating SVB’s EMEA Pride townhall and was instrumental in initiating the organization's first ever global "safe space catch-up", supporting employees in sharing their experiences of coming out,' her bio on the Outstanding website states.
It adds that she is 'allies' with gay rights charity Stonewall and had authored numerous articles to promote LGBTQ awareness.
These included 'Lesbian Visibility Day and Trans Awareness week.'
UK News | Breaking news & latest updates | Daily Mail Online
All the latest breaking UK news with in-depth comment and analysis, pictures and videos from MailOnline and the Daily Mail.
livingston
20×102mm Vulcan
Home Depot founder knocks ‘woke’ Silicon Valley Bank going bust: Americans need to ‘wake up’
Home Depot co-founder Bernie Marcus says the collapse of Silicon Valley Bank should ring alarm bells for Americans entrusting their money in what he calls a “woke” financial institution for considering factors like climate change.
“Maybe the American people will finally wake up and understand that we’re living in very tough times, that, in fact, a recession may have already started,” Mr. Marcus said on Fox News over the weekend. “I think that the system [and] the administration has pushed many of these banks into [being] more concerned about global warming than they do about shareholder return. And these banks are badly run because everybody is focused on diversity and all of the woke issues and not concentrating on the one thing they should, which is shareholder returns.”
Home Depot founder knocks ‘woke’ Silicon Valley Bank going bust: Americans need to ‘wake up’
Home Depot co-founder Bernie Marcus says the collapse of Silicon Valley Bank should ring alarm bells for Americans entrusting their money in what he calls a “woke” financial institution for considering factors like climate change.
www.washingtontimes.com
They want to restore people's trust in banks they can start by not just firing these criminals, but actually arresting them.
Cashing out their stocks a WEEK before the bank collapses sends a strong message to investors and people who keep their money in banks. By not going after them for their insider trading behavior the .gov sends an even louder message that they support that behavior.
livingston
20×102mm Vulcan
Trump Curse? Signature Bank Fails Two Years After Bank Closed President Trump’s Accounts Over January 6 Riot
Signature Bank in New York once had a close business relationship with the Trump family with Ivanka serving on the bank’s board of directors from 2011-2013, but the bank severed ties with President Trump and closed his accounts in protest of the January 6, 2021 riot at the Capitol and called for his resignation. Two years later Signature Bank collapsed and was taken over by regulators.
Trump Curse? Signature Bank FAILS! Same Woke Bank that Closed President Trump’s Accounts Two Years Ago Over January 6 Riot * The Gateway Pundit * by Kristinn Taylor
Signature Bank in New York once had a close business relationship with the Trump family with Ivanka serving on the bank's board of directors from 2011-2013…
www.thegatewaypundit.com
livingston
20×102mm Vulcan
We are also announcing a similar systemic risk exception for Signature Bank, New York, New York, which was closed today by its state chartering authority. All depositors of this institution will be made whole. As with the resolution of Silicon Valley Bank, no losses will be borne by the taxpayer.
Shareholders and certain unsecured debtholders will not be protected. Senior management has also been removed. Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.
Finally, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors.
www.thegatewaypundit.com
Shareholders and certain unsecured debtholders will not be protected. Senior management has also been removed. Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.
Finally, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors.
Trump Curse? Signature Bank FAILS! Same Woke Bank that Closed President Trump’s Accounts Two Years Ago Over January 6 Riot * The Gateway Pundit * by Kristinn Taylor
Signature Bank in New York once had a close business relationship with the Trump family with Ivanka serving on the bank's board of directors from 2011-2013…
www.thegatewaypundit.com
Saltwater60
20×102mm Vulcan
I want to know how these banks can be closed like this and all these people can be made while without any money from tax payers? So they have all the deposits there still? If that’s the case it doesn’t seem to me that they should have closed them down then?? Something is fishy here and I’ll bet the gov is using tax payer money without saying anything because they would need congress approval and I don’t think they have it. Also we all know how Biden’s base loves the rich people getting gov handouts.
Saltwater60
20×102mm Vulcan
Just heard on the news today that they lost 2 billion on Friday and stocks plummeted. So again I’ll ask how does the government take over this failing bank that lost tons of money and it’s stock price is now $0.00 have all the cash on hand that they owe depositors? They invested in bonds that lost value?
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MothMan
.338 Win Mag
There U go again, making it Trumps fault!!Trump Curse? Signature Bank Fails Two Years After Bank Closed President Trump’s Accounts Over January 6 Riot
Signature Bank in New York once had a close business relationship with the Trump family with Ivanka serving on the bank’s board of directors from 2011-2013, but the bank severed ties with President Trump and closed his accounts in protest of the January 6, 2021 riot at the Capitol and called for his resignation. Two years later Signature Bank collapsed and was taken over by regulators.
Trump Curse? Signature Bank FAILS! Same Woke Bank that Closed President Trump’s Accounts Two Years Ago Over January 6 Riot * The Gateway Pundit * by Kristinn Taylor
Signature Bank in New York once had a close business relationship with the Trump family with Ivanka serving on the bank's board of directors from 2011-2013…
Saltwater60
20×102mm Vulcan
Of course it is or is it their fault because they backed away from trump? Hmm.There U go again, making it Trumps fault!!