Via Maddow:
do you enjoy knowing that when you deposit money in a US bank, you won't lose that money? nice, right?
it's because bank deposits are insured by FDIC.
i don't know what FDIC ever did to these people, but apparently it too is now on their blow-it-up list: https://www.washingtonpost.com/business/2025/01/27/fdic-bank-examiners-job-offers-rescinded/
@GottaLaff the crypto bros are big mad about the collapse of #Silvergate and Signature banks (AKA "the big crypto banks"). the conspiracy theory they have about the #FDIC is called "Operation Chokepoint 2.0" if you want to look into it.
(the reality is that Silvergate and Signature banks were massive money laundering hubs, moving literally trillions of dollars a year in untracked funds outside of all money laundering regulations. they were both intimately connected to #FTX)
cc @KimPerales ICYMI
i published this 4 months before Signature Bank collapsed: https://cryptadamus.substack.com/p/signature-bank-ftx-and-trueusd-a
#SBNY #SI #SignatureBank #Crypto #OperationChokepoint #OperationChokepoint2
@GottaLaff @KimPerales ivanka was even on the board of #SignatureBank, no doubt because of her financial acumen.
also not to be a dick but anyone like #Maddow doing political commentary in 2025 who "doesn't know what the #FDIC ever did to these people" is not even minimally informed about the events in the world around them and should probably not be doing political commentary. $0.02.
https://www.nytimes.com/2018/07/23/business/signature-bank-trump-kushner.html
Laffy
⚯ Michel de Cryptadamus ⚯
