matt on Nostr: To summarize, NYDFS seized a not-bankrupt (based on their own and management’s ...
To summarize, NYDFS seized a not-bankrupt (based on their own and management’s comments) bank (at least in part) because it banked crypto/bitcoin companies, taxpayers spent money to inject more cash, and then NYDFS turns around and sells it with the condition that crypto/bitcoin gets debunked.
Your tax dollars at work!
“Any buyer of Signature must agree to give up all the crypto business at the bank, the two sources added.” - Reuters.
So that basically confirms NYDFS lied when they claimed Signature’s customers wasn’t a factor in the shutdown.
Published at
2023-03-16 03:59:53Event JSON
{
"id": "f83062d52eae14f734adbf6c6e036b59bc06bbb378ec3fad3de2202bb62ed022",
"pubkey": "3d2e51508699f98f0f2bdbe7a45b673c687fe6420f466dc296d90b908d51d594",
"created_at": 1678939193,
"kind": 1,
"tags": [
[
"e",
"b284f87a3aafa072382ff0247b73cb10459025f3d00a17784cb038d289df74de"
]
],
"content": "To summarize, NYDFS seized a not-bankrupt (based on their own and management’s comments) bank (at least in part) because it banked crypto/bitcoin companies, taxpayers spent money to inject more cash, and then NYDFS turns around and sells it with the condition that crypto/bitcoin gets debunked.\n\nYour tax dollars at work!\n\n#[0]",
"sig": "1e44a6205a2ea14f23416ad9862d5a92d4c03b8b65c9bd4ec9f92bca6cad8b449d84c146d63304757cf78fdfdaf712c2df86a3221fc8aa64eae10dda315ea056"
}
