News for hackers. Stuff that matters.

A comment on FDIC Establishes Signature Bridge Bank, N.A., As Successor to Signature Bank. Parent comment

Re:FDIC Establishes Signature Bridge Bank, N.A., As Successo... by astrange on Sunday March 12, 2023 @10:00PM (#35129791)
That's how the financial empire works. It's free stuff at the casino to keep them coming back.

Sure they take the USD we print for them, but then what are they going to do with it? Keep it in US bank accounts.

[ Parent | on HN ]
Re:FDIC Establishes Signature Bridge Bank, N.A., As Successo... by the_optimist on Sunday March 12, 2023 @10:27PM (#35130096)
If we net sell equity, borrow, and debase our currency, this is not “financial empire.” This is the reverse of financial empire. There is no “free stuff” and no “keep them coming back.” We are simultaneously depleting equity through IP, physical capacity and capabilities, and direct sales.
[ Parent | on HN ]
Re:FDIC Establishes Signature Bridge Bank, N.A., As Successo... by astrange on Sunday March 12, 2023 @11:13PM (#35130524)
Equity, currency, that's all stuff we made up. Accepting them as real means using our courts and banking system.
[ Parent | on HN ]