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

Re:FDIC Establishes Signature Bridge Bank, N.A., As Successo... by twblalock on Sunday March 12, 2023 @11:13PM (#35130525)

The President never used the word “bailout”. And that’s because this is not a bailout. Taxpayers aren’t on the hook for a penny, and the money is going to depositors not the people who caused the problem.

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Re:FDIC Establishes Signature Bridge Bank, N.A., As Successo... by hypothesis on Sunday March 12, 2023 @11:27PM (#35130614)

Now, I have no knowledge if Biden himself tweeted that.

But would you retweet something that calls your actions “bailout”? Especially if you don’t want it to be called as such?

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Re:FDIC Establishes Signature Bridge Bank, N.A., As Successo... by peyton on Sunday March 12, 2023 @11:52PM (#35130783)

The NYTimes tweet also says federal officials closed a bank, when it was state officials who closed the bank. I don’t think the Biden administration is endorsing the NYTimes weekend social media person’s summary.

The article says the Treasury wanted to emphasize that this action is not a bailout.

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Re:FDIC Establishes Signature Bridge Bank, N.A., As Successo... by hypothesis on Monday March 13, 2023 @12:04AM (#35130896)

You would think that there are people around POTUS who would understand PR, but maybe it’s just doesn’t matter anymore?

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Re:FDIC Establishes Signature Bridge Bank, N.A., As Successo... by brewdad on Monday March 13, 2023 @02:12AM (#35131801)

There’s nobody left on Twitter except bots shouting at each other, so does it really matter?

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