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
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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
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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??
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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