
Bitcoin
- Posts 5,145
- Updates 4 hours ago
The @federalreserve chair Powell has blamed the banking crisis on bad management and a need to review regulatory oversight.
Maybe he forgot what he said in 2012? Both? https://t.co/WwmUv9a0Nr
CBDCs versus #Bitcoin @thecryptoc0up1e https://t.co/meePlHgVla
RT @BitcoinMagazine: JUST IN:Florida Governor hosts press conference pushing for central bank digital currency ban - “No CBDC in Florida”
https://t.co/9ZwyXNrzas
RT @CaitlinLong_: YET ANOTHER CALL for full-reserve banks (the biz model denied by the Fed just before the bank runs hit & calls started coming in for exactly that from far & wide). The world is upside down! @custodiabank proposed this. Hey Fed, you have power to reverse!
https://t.co/2Wl4a3jel2
RT @GRDecter: Credit Suisse, a bank that lost $7.8 billion last year, is being rescued by a bank that lost $143 billion last year.
Gotta love the banking system. https://t.co/EQfVJ1UwVi
RT @CaitlinLong_: DID YOU KNOW, @mattyglesias, that @custodiabank proposed EXACTLY this & the Fed denied it on Jan 27 as “unsafe & unsound” 🤦♀️— after sitting on Custodia’s application for ~2.5 years? Might they take that bad decision back now??🤔 https://t.co/SKYX5GrZQk
The @federalreserve is technically bankrupt.
In 2023 the Fed will post its first annual operating loss of $80 billion since 1915 and will have a negative capital of $38B.
This loss does not count the $1.3 trillion unrealized loss on its portfolio. https://t.co/DMYFhXGx59
RT @yassineARK: Over the weekend, Bitcoin settled ~$33 billion, facilitated ~600k transactions, & issued 2,037 new BTC at a steady & predictable ~1.8% inflation rate. ~1 million new addresses were generated & miners earned $43 m producing 326 blocks.
Banks were closed. The Fed was not needed.
RT @CaitlinLong_: WOW--Fed admits its supervisory error in press release. But Barr said thiswhile SVB's bank run was in full swing.
VC Barr: still think @custodiabank's 100% cash model is unsafe & unsound? Aren't u curious how we knew & warned of bank run probs in advance? Care to meet finally? https://t.co/x9L2m5UIAw https://t.co/DZnQs27P39
RT @FDICgov: We are establishing a bridge bank to protect all depositors of Signature Bank, New York, and to preserve the value of the institution’s assets and operations to sell at a later date.
Read morehttps://t.co/6hxjJ6hHbT https://t.co/VWPw8syj2q
RT @CaitlinLong_: OH MY, THE CONTRAST--Fed voted down 100%-cash reserved @custodiabank & then days later voted a bank bailout after 2 epic bank runs (as Fed Vice Chair for Supervision brags Fed-supervised banks are "well protected from bank runs" on the morning of SVB bank run). Can't make it up🤯 https://t.co/zFKP6iFO99
RT @CaitlinLong_: @billbarhydt @nic__carter @custodiabank Just wait--it will all come out. Insiders have come forward to us--thankfully Washington DC is a sieve. And yes, we have receipts. I'm heading to DC soon--Congress wants to see them. Does rule of law still exist in the US? Does constitutional due process matter?🤔
RT @RepThomasMassie: Just got off of a zoom meeting with Fed, Treasury, FDIC, House, and Senate.
A Democrat Senator essentially asked whether there was a program in place to censor information on social media that could lead to a run on the banks.
RT @CaitlinLong_:FEDERAL RESERVE JUST BECAME A LEVERAGED LENDER, lending against collateral it values at par when that collateral may be trading at $0.60 on the dollar. So much for Bagehot's rule of central banking, lend freely against *good collateral* at penalty rate. Fed just broke w/ that🤯 https://t.co/9grRg51THI
Remember when @ronpaul reminded us that in the 1792 Coinage Act that the Founding Fathers had the death penalty for debasing the currency?
@federalreserve @USTreasury $SVB $SBNY $WF $JPM $BAC $CS https://t.co/b5pcTS7y8j
RT @CaitlinLong_:QE IS BACK
--FED JUST BAILED OUT BANKS, INFLATION TO KEEP RUNING HOT:
* loans of up to 1yr to banks vs US Treasuries, agency debt & mortgage-backed securities + other assets as collateral
* Fed valuing these assets at *par*🤯(THERE'S THE BAILOUT
)https://t.co/LvMA8N98Ei