What is Nostr?
matt / Matt Corallo
npub185h…wrdp
2023-03-16 03:59:53
in reply to nevent1q…jvft

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.
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