as another bank is closed - update: 
https://twitter.com/NickTimiraos/status/1635044036041121792
NEW:
— Nick Timiraos (@NickTimiraos) March 12, 2023
*Signature Bank has been closed
*All depositors of Silicon Valley Bank and Signature Bank will be fully protected
*Shareholders and certain unsecured debtholders will not be protected
*New Fed 13(3) facility announced with $25 billion from ESF to backstop bank deposits pic.twitter.com/LKipIRMg1T
Signature is one of the main banks to the cryptocurrency industry
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this is good for bitcoin
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You joke but...
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Now zoom out
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Go to bed wagecuck, you need to make it to your morning shift. My billion dollar deposit won't be made whole on it's own!
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The banks are going to have to pay for it, amusingly. Itβs over for JPMorgancels.
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Explain how do you strengthen the banking system by making banks pay for it. It's clear the american taxpayer will, once again, be cucked by the banking chads.
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No consequences. Just pile all your company's millions into this one sketch bank because Y Combinator is buddies, have a bank run because Peter Thiel told you to, you should have to take your frickin 5% haircut.
Just like the student loans. If you tell me the indebted students were done dirty and shouldn't have to pay, where's the punishment for the schools or the lenders that did them dirty?
At least I shortly stand to make $250 from the USDC panic sale
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Another s&p 500, top 20 banks in burgerland goes down in 2 days, no biggie
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Imagine being stupid enough to place money against a bailout for techbros and finbros in 2023
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Buy the dip!! π°ππ
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No buy ammo.
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Oh god, it's finally happening. I promised myself I would control my feelings, but I'm cooming
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If the fdic insurance limit doesn't apply let's just go ahead and nationalize the banks
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Now they can borrow against their worthless securities at par value π. How can that possibly go wrong?
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Oh wow nothing happened
The internet r-slurs were wrong again?
Who could've predicted this?
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It's the same teenager racism hate cult that MDE was all about. It's just another boring /pol/ offshoot for lonely edgelord losers.
Snapshots:
archive.org
ghostarchive.org
archive.ph (click to archive)
https://archive.ph/dszwp:
archive.org
ghostarchive.org
archive.ph (click to archive)
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