Better put on "white face" if you want a crack at buying distressed SVB and SB assets! (SB in NY was shuttered out of spite)
SVB = Silicon Valley Bank, SB = Signature Bank
In Biden’s “build back worse” democracy, only those favoured by the “regime” are allowed to participate in buying distressed assets – like SVB
From here:
There is this tweet:
A white list? Sounds pretty racist!
Tom Elliot responded to the tweet:
But wait! There’s more! The other bank that was illegally shuttered to suit a political agenda of hate of crypto!
From the ZeroHedge article:
“Heard this independently from other sources as well. I suspected as much last night but confirmed today. Signature was executed last night not due to any runs but as a political scalp, intended to be veiled by the fog of war.
Apparently even FDIC was surprised when it was dropped into their hands. The claimed justification was Signatures Signet product, which was perceived to be "systemic"
My conclusion is that politicians like Liz Warren together with regulatory bodies fragilized crypto banks and encouraged runs against them, then used withdrawals as a pretext to close them down.”
Last tweets in the article:
Referencing this:
So, there you have it.
Get on Biden’s white (face) list to get bargain basement prices on loan books about to be sold off at ten cents in the dollar, rather than the 80 cents that they are worth!
Onwards!
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Thanks PH. I'm sure Hunter will sort this out. Him & his pals seem to very good at rustling up good chunks of loose change, all over the world. Once we winkle him out from his latest hidey hole!
No sale, unless you agree to 10% for the Big Guy