- 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!
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 more https://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
RT @krakenfx: 1/3 Kraken USD funding will continue uninterrupted. Our long history and record of compliance has enabled us to maintain significant banking diversity and redundancy around the world.
However, recent events should be a wake up call. Please diversify and self-custody. #NYKNYC
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