How The Collapse Of SVB Led To A $16 Billion Taxpayer-Funded Gift For One Bank (Leaves Me Wonder If There Is Any Connection to The "Big Guy")
Posted by freedomforall 2 years, 1 month ago to Politics
Excerpt:
"Something remarkable happened yesterday: just after midnight on Sunday night, the FDIC announced that a small bank which almost nobody had heard of before, First-Citizens Bank & Trust (FCNCA) would scoop up the remaining assets of the now defunct Silicon Valley Bank,which imploded on March 9 following a furious bank run, that saw $42BN in deposits drained in hours (and where another $100 billion in deposits were about to be yanked on Friday, which is why the FDIC stepped in and shuttered the bank before market open on Friday March 10)...
... and what happened next shocked everyone" FCNCA stock almost doubled, soaring to the highest on record."
"Something remarkable happened yesterday: just after midnight on Sunday night, the FDIC announced that a small bank which almost nobody had heard of before, First-Citizens Bank & Trust (FCNCA) would scoop up the remaining assets of the now defunct Silicon Valley Bank,which imploded on March 9 following a furious bank run, that saw $42BN in deposits drained in hours (and where another $100 billion in deposits were about to be yanked on Friday, which is why the FDIC stepped in and shuttered the bank before market open on Friday March 10)...
... and what happened next shocked everyone" FCNCA stock almost doubled, soaring to the highest on record."
Who would expect anything different. The Enemy is the Banking Cartel , Their system is being demolished but it is not a complete tear down. It is a remodeling. The collapse of SVB caught them completely by surprise. Now we have FTX in the news again, SamBankmanFreid was bribing Chinese officials. These 2 institution were absolutely tools of the invisible Enemy. Trump is a master builder and he understands deconstruction as well as construction. An immediate collapse of the whole corrupt Temple would be disastrous, we can still live in a remodeling but not a complete tear down.
See the thing is as a contractor selling his services he needs to show the home owner the problem, we
Are the homeowner. FTX was a Money laundering machine for the Uniparty CUCKS , The US sends
$ to Ukraine, then Ukraine sends $ to FTX and instead of buying Bitcoin for Ukraine they “donate”it to politicians. Rinse and repeat. Boom it’s gone .
First Citizens, SVB exposes the favored treatment of the elite on our dime. It’s like the contractor showing evidence of termites to the home owner.
Like the tip of the iceberg being slowly lifted exposing a much more massive issue below the water. SVB was like a shot across the bow. Boom..
Credit Suisse was like another board being lifted revealing more termites. Boom
When Trump merged the Fed into the treasury he put the assets into the treasury and the liabilities were left with the FED. BlackRock was retained to package and sell those assets the Fed had acquired during the QE forever period under Hussein. How do you transfer this massive debt on to the Bankers and off our backs?
The best is yet to come.
The question, the only question, is,
Was the sale of SVB open to all prospective buyers with full access to information?
Goldman is Goldman—the firm handles deals like this all the time, and well. The opportunity this time was fairly straightforward. Goldman would buy the portfolio at a significant discount and then sell the bonds over the course of the following weeks, providing SVB with liquidity while Goldman sought to arbitrage the spread. Working through the weekend, Goldman’s traders would have to value each of the bonds separately, taking into account their duration, their interest rates and their credit profile, among other things, including what Goldman thought each bond would fetch in the increasingly volatile market.