Second Largest Bank Failure in U.S. History…

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  • JCSR

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    Santa Claus

    :lmfao:

    Signature Bank Fails Two Years After Bank Closed President Trump’s Accounts Over January 6 Riot​


    Signature Bank in New York once had a close business relationship with the Trump family with Ivanka serving on the bank’s board of directors from 2011-2013, but the bank severed ties with President Trump and closed his accounts in protest of the January 6, 2021 riot at the Capitol and called for his resignation. Two years later Signature Bank collapsed and was taken over by regulators.
     

    Ingomike

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    :lmfao:

    Signature Bank Fails Two Years After Bank Closed President Trump’s Accounts Over January 6 Riot​


    Signature Bank in New York once had a close business relationship with the Trump family with Ivanka serving on the bank’s board of directors from 2011-2013, but the bank severed ties with President Trump and closed his accounts in protest of the January 6, 2021 riot at the Capitol and called for his resignation. Two years later Signature Bank collapsed and was taken over by regulators.
    But there is more!

    “Signature Bank, the firm that went under over the weekend, has an expert on its Board of Directors – Barney Frank.”

    “Barney Frank was the US Rep behind the Dodd-Frank bill put in place after the 2008 bank crash. The government arguably caused the failure and then turned around and put in a massive amount of regulations in response to the failure.”

    The monstrosity was the Dodd-Frank bill, named in part for Barney Frank.



     

    Ingomike

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    The bank does own it until you pay off the loan. That's how debt works. It's why debt is risky.

    So a bank folds they literally can take your house and car,,, anything you have a loan on. How could they do this. Because they actually own it until you have paid it off. So they can legally take it away from you and sell it to recupe losses.

    No, they do not own it in any way shape or form. They own a contract the borrower signed to repay the money on a set schedule. They cannot take a borrowers property because they need the money now, they too are bound by the contract.

    If I go out this afternoon and find gold in my backyard there is nothing in the world the mortgage holder can get other than their contractually agreed upon amount, they do not have any ownership…
     
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    Cameramonkey

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    But there is more!

    “Signature Bank, the firm that went under over the weekend, has an expert on its Board of Directors – Barney Frank.”

    “Barney Frank was the US Rep behind the Dodd-Frank bill put in place after the 2008 bank crash. The government arguably caused the failure and then turned around and put in a massive amount of regulations in response to the failure.”

    The monstrosity was the Dodd-Frank bill, named in part for Barney Frank.



    I heard on the drive in this am that one of the executives of the SVB was with the famous failed.... dammit cant think of the bank/hedge fund name. It was a hyphenated investment org named ________- _____________ that went under 14 years ago due to equally bad mismanagement/investment choices back in 2008 maybe? It was huge. Anyway, The same dude was in control both times.
     

    cg21

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    I heard on the drive in this am that one of the executives of the SVB was with the famous failed.... dammit cant think of the bank/hedge fund name. It was a hyphenated investment org named ________- _____________ that went under 14 years ago due to equally bad mismanagement/investment choices back in 2008 maybe? It was huge. Anyway, The same dude was in control both times.
    Funny how guv officials and financial “gurus” fail up.
     

    Ark

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    I heard on the drive in this am that one of the executives of the SVB was with the famous failed.... dammit cant think of the bank/hedge fund name. It was a hyphenated investment org named ________- _____________ that went under 14 years ago due to equally bad mismanagement/investment choices back in 2008 maybe? It was huge. Anyway, The same dude was in control both times.
    Lebman Schmothers?
     

    DragonGunner

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    No, they do not own it in any way shape or form. They own a contract the borrower signed to repay the money on a set schedule. They cannot take a borrowers property because they need the money now, they too are bound by the contract.

    If I go out this afternoon and find gold in my backyard there is nothing in the world the mortgage holder can get other than their contractually agreed upon amount, they do not have any ownership…
    Sadly that’s what Congress passed. They do own it, and Congress can’t stop them if they decide to kick you out, take it and sell it to recoup $. However they also can approach you and say you owe us $50k, how about you pay us $25k right now and it’s yours. What they will do and can do has been left up to them. They can do anything they want.
     

    Mij

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    Sadly that’s what Congress passed. They do own it, and Congress can’t stop them if they decide to kick you out, take it and sell it to recoup $. However they also can approach you and say you owe us $50k, how about you pay us $25k right now and it’s yours. What they will do and can do has been left up to them. They can do anything they want.
    Not according to JW Rawles……;)
     

    Cameramonkey

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    Lehman Brothers...

    I figured Ark was for some reason avoiding posting the real name.

    And the guy in question was the CFO of both orgs. Daniel Beck.
     

    jamil

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    Gtown-ish

    :lmfao:

    Signature Bank Fails Two Years After Bank Closed President Trump’s Accounts Over January 6 Riot​


    Signature Bank in New York once had a close business relationship with the Trump family with Ivanka serving on the bank’s board of directors from 2011-2013, but the bank severed ties with President Trump and closed his accounts in protest of the January 6, 2021 riot at the Capitol and called for his resignation. Two years later Signature Bank collapsed and was taken over by regulators.
    I mean. It's hard not to laugh about that.
     

    jamil

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    But there is more!

    “Signature Bank, the firm that went under over the weekend, has an expert on its Board of Directors – Barney Frank.”

    “Barney Frank was the US Rep behind the Dodd-Frank bill put in place after the 2008 bank crash. The government arguably caused the failure and then turned around and put in a massive amount of regulations in response to the failure.”

    The monstrosity was the Dodd-Frank bill, named in part for Barney Frank.



    And that would be worth another hardy laugh.
     

    Cameramonkey

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    He also worked for the accounting firm that approved Enron's financial statements. He was 2nd in command of that firm before moving on to Lehman.
    So what you are saying is, Dont travel with Tom Hanks, and dont put your money where this clown works?

    aZBb29X_700b_v1.jpg
     

    ShimmeringTrees

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    Hi, I'm Nasty Pel0si, I'm a congresswoman, my husband Dick Peloski is the director of usps. Dicks brothers son is the Governor of California. Who is married to the head of Nasdaq, Pamela. Pamela's mom is the head of the Department of Treasury who happens to be married to Demitri Johangavenski, the father of President Zelenski.
     
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