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US Financial System Under Questionable Capture

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3 years ago

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HAVE UNELECTED BUREAUCRATS CAPTURED THE US FINANCIAL SYSTEM? the capture of Signature Bank in halting trading at $70 is hurting main street folks Here's the story of $SBNY and why you should care ๐Ÿฆฆ๐Ÿงต๐Ÿ‘‡๐Ÿป
there is no clear reason why @FDICgov captured Signature Bank Bloomberg suggests it was due to a bank run but didn't confirm it Notice the wording carefully
in another article from Bloomberg from two hours ago it was shared that $SBNY was being investigated mind you, not charged, not convicted, merely investigation! Danske, HSBC, hell even Libor were all convicted for criminal charges why weren't these captured?
it gets worse $SBNY has options expiring this Friday 17 March @OptionsClearing is in charge of setting the rules for the settlement Here's where it starts getting dirty ๐Ÿฆฆ๐Ÿ‘‡๐Ÿป
because the unelected officials at @FDICgov captured Signature Bank Signature Bank equity value and stock price didn't get to run to zero as it should Yet Credit Suisse and many other banks which are absolutely melting right now get to let their stock prices run to zero
Now why's that? Is it because the options sellers didn't post enough collateral to brokers and these brokers now can't pay up if the stock price goes to zero in lightning speed fashion?? ๐Ÿฆฆโšก๏ธ
is this yet another way for unelected bureaucrats to stiff main street folks and voters like you while protecting brokers and market makers like @RobinhoodApp and @citsecurities if so what kind of precedence are we setting? twitter.com/alderlaneeggs/status/1635841291920769027?s=46&t=TJqY7T601qP_XhXVAViauA
the deck gets more stacked against the common man in a convulated twist of events the common man is now needed to pony up 100% collateral to claim his gains twitter.com/tspencer322/status/1636068207718174720?s=46&t=TJqY7T601qP_XhXVAViauA
to make it hell of a lot dumber some of those who've bought puts as a hedge with their IRA accounts won't be able to exercise their options and collect their payouts because these accounts can't hold shorts!! twitter.com/9thdecimal/status/1635752060011290625?s=46&t=TJqY7T601qP_XhXVAViauA
there is really one very easy solution let the market do its thing and allow for price discovery let it resume trading OTC on pink slips as our unelected officials from the @FBI @FDICgov @SECGov continue their investigation twitter.com/omnibubblebear/status/1636064964405338113?s=46&t=TJqY7T601qP_XhXVAViauA
the financial markets are used by the common folk to hedge risks having unelected officials step in and make the market less efficient, less transparent, less stable, less determined is ridiculous! PUT $SBNY BACK ON OTC TRADE TODAY!! @SenWarren @GOPMajorityWhip @Cryptadamist
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otteroooo

@otteroooo

defi threads ELI5 // crypto patriot otter investigates anything that smells fishy // not financial advice