Six weeks ago, in an effort organized by the FDIC, $30 billion was pushed into FRB by eleven larger banks to stabilize it. However, the only thing that infusion of capital did was allow institutional depositors time and ability to withdraw their funds. A complete racket…
As Senate Banking Committee Convenes Hearing on Exploding Banks, an FDIC Chart Shows the Banking Crisis Is Far from Over…
The two banks that failed and were taken over by the Federal Deposit Insurance Corporation (FDIC) were Silicon Valley Bank (SVB) and Signature Bank. Both had experienced bank runs in March and both had extreme exposure to uninsured deposits…
New York Community Bank Agrees to Buy Failed Signature Bank in $2.7B Deal…
New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank in a $2.7 billion deal, the Federal Deposit Insurance Corp said late on Sunday…
WHEW! Ex-Silicon Valley Bank CEO Greg Becker Jets to Hawaii after Collapse…Probably Just ‘Hangin’ with Obama in Paradise Laughing, Laughing, Laughing…
The former CEO of Silicon Valley Bank who sat at the helm of the financial intuition when it collapsed was spotted sauntering in Hawaii Wednesday — as his former colleagues scramble to pick up the pieces…
Investor Carl Icahn Issues Grim Warning On U.S. Economy “Breaking Down”…
Billionaire investor Carl Icahn said that the U.S. economy is at a breaking point, blaming “worse than mediocre” leadership and warning that soaring inflation threatens to topple America’s position on the world stage…
Kevin O’Leary Stuns CNN Panel Telling Them “Biden Just Nationalized U.S. Banking System”…
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.”…
Charles Payne Hits the Nail on the Head – The Biden Action Is a Bailout for Silicon Valley…
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 Insurance Fund.” Who the hell does Biden think are paying those “fees”?…
HE’S A LIAR: Biden Admin ‘Radicals’ Blocked SVB Sale, Nationalized It, Then Blamed Trump for Collapse…
Instead of spending taxpayer dollars to nationalize Silicon Valley Bank, a private buyer favored by the Treasury and the Federal Reserve had emerged, only to be nixed by FDIC Chairman Martin Gruenberg, according to the Wall Street Journal, citing a source with knowledge of the situation…
Shade of FTX Here: Only ONE, ONE I REPEAT, Member of Failed SVB’s Board Had a Career in Investment Banking! Filled with Obama, Clinton Mega-Donors…
Just one member of Silicon Valley Bank’s board of directors had a career in investment banking, while the others were major Democratic donors, it has been revealed…
SVB WAS A WALL STREET IPO PIPELINE IN DRAG AS A FEDERALLY-INSURED BANK; FHLB OF SAN FRANCISCO WAS QUIETLY BAILING IT OUT…
Adding further insult to U.S. taxpayers, the Federal Home Loan Bank of San Francisco was quietly bailing out SVB throughout much of last year. Federal Home Loan Banks are also not supposed to be in the business of bailing out venture capitalists or private equity titans…
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