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!
Your tax dollars at work!
quoting nevent1q…jvft“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.