Regulators Close New York’s Signature Bank

Re:Regulators Close New York’s Signature Bank by riskneutral on Monday March 13, 2023 @12:43AM (#35131182)

And now we know where the next bank run after SVB is going to happen. It isn't going happen at a traditional bank, because the Fed/FDIC/US Treasury have that covered now. There's going to be a run on crypto stablecoins. Hopefully the coming economic calamity will be contained within the cryptobro sphere.

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Re:Regulators Close New York’s Signature Bank by hattmall on Monday March 13, 2023 @10:26PM (#35146574)

Tether is backed by something like 1/3rd Latin American treasuries, good luck liquidating those at par value, if they even exist.

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