Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Biodom]

Honestly, i don't even get the legality of it.
Say, you are a stockholder at the Signature bank.
Your stock is at $70 at the end of trading day on Fri, was trading freely all day, no halts.
Suddenly, this bank is "seized" on Sunday and you read the following:
"Shareholders and certain unsecured debtholders will not be protected", which means that your stock in this bank is suddenly worth ZERO.
No other explanation given. Is there any legal scholars to comment?

At this point, who would hold any other bank stock, apart from top 4 (JPM, C, BAC and WFC)?

all this is bullish for bitcoin, though.

I think there can be legal actions to get more details but I don't really see the issue. The bank got bankrupt and in bankruptcy shareholders are screwed.

Where is the evidence? Nobody said that it is bankrupt apart from some verbiage about "systemic risk".
Signature bank seemed to be more stable than other regional banks on Friday.
You people take "bankrupt bank" too much at the face value.
It does not seem that it was, but it looks like it was shut down for dealing with "crypto companies' if i would be more specific.

[Biodom]

Honestly, i don't even get the legality of it.
Say, you are a stockholder at the Signature bank.
Your stock is at $70 at the end of trading day on Fri, was trading freely all day, no halts.
Suddenly, this bank is "seized" on Sunday and you read the following:
"Shareholders and certain unsecured debtholders will not be protected", which means that your stock in this bank is suddenly worth ZERO.
No other explanation given. Is there any legal scholars to comment?

At this point, who would hold any other bank stock, apart from top 4 (JPM, C, BAC and WFC)?

all this is bullish for bitcoin, though.

I think there can be legal actions to get more details but I don't really see the issue. The bank got bankrupt and in bankruptcy shareholders are screwed. If it was another kind of company that could continue doing business under bankruptcy protection, shares might hold some value, but apparently there is no bankruptcy protection for banks, which is understandable as we just saw that banks need trust, who is going to trust a bankrupt bank ?

no evidence that Signature was bankrupt and NO ONE even alleged that.

[dragonvslinux]

Honestly, i don't even get the legality of it.
Say, you are a stockholder at the Signature bank.
Your stock is at $70 at the end of trading day on Fri, was trading freely all day, no halts.
Suddenly, this bank is "seized" on Sunday and you read the following:
"Shareholders and certain unsecured debtholders will not be protected", which means that your stock in this bank is suddenly worth ZERO.
No other explanation given. Is there any legal scholars to comment?

At this point, who would hold any other bank stock, apart from top 4 (JPM, C, BAC and WFC)?

all this is bullish for bitcoin, though.

I think there can be legal actions to get more details but I don't really see the issue. The bank got bankrupt and in bankruptcy shareholders are screwed. If it was another kind of company that could continue doing business under bankruptcy protection, shares might hold some value, but apparently there is no bankruptcy protection for banks, which is understandable as we just saw that banks need trust, who is going to trust a bankrupt bank ?

no evidence that Signature was bankrupt and NO ONE even alleged that.

If in doubt = bankrupt. It's the new form of risk assessment  

(I'm alleging it)

[hisslyness]

The U.S. banking system remains resilient and on a solid foundation, in large part due to reforms that were made after the financial crisis that ensured better safeguards for the banking industry. Those reforms combined with today's actions demonstrate our commitment to take the necessary steps to ensure that depositors' savings remain safe.

"aLL SaVIngS DepOSiTs ArE SaFU"

Only one way to find out: pull yer money out, folks.

Well, i guess, #NIYHNYC (not in your hands, not your cash)


Doesn't have the same ring as #NYKNYC

[Toxic2040]

#haikuSunday

number going up
dear gentlebeings of the wall
hodlers standing strong

this is the way

[ChartBuddy]

Explanation

[Richy_T]

You have plenty of reason, but...... if they dont make that move the expading collapse its or can be far worse for the whole society, its sad? yes, but it works that way, all the system is based on this pillars.

The government is always the last insurance in this kind of case.

No. It's always the easy option but it's never the best. When you set the expectation that risks will be socialized, you encourage risky behavior. This shit is the direct fall-out of the bail-outs of the late 2000s. Don't fall for the narrative. Theft is theft.

[Richy_T]

Well, i guess, #NIYHNYC (not in your hands, not your cash)


Doesn't have the same ring as #NYKNYC

Not even then. Govt could tomorrow (well, would possibly need legislation) say that it is announcing the nu-dollar and your bank account will be converted on a 1-1 basis and greenbacks on a 4-1 (or some variation).

[ChartBuddy]

Explanation

[Arriemoller]

Have the cold from hell
Taking thirteen aspirins
Going back to bed


Actually I only took two, but I needed two syllables.

See you when I wake up.

[ChartBuddy]

Explanation

[Biodom]

Have the cold from hell
Taking thirteen aspirins
Going back to bed


Actually I only took two, but I needed two syllables.

See you when I wake up.

" a few" would have done it 

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[jbreher]

Homework:

Quantify the liquidity issue experienced by Signature Bank before the NY Regulators swooped in and confiscated all assets and operations.

[El duderino_]

https://twitter.com/cryptomanran/status/1634968586665234433?s=46&t=1pkPzC1FtXIsCLMoTb1G1Q

[ChartBuddy]

Explanation

[HI-TEC99]

HSBC just bought the UK arm of Silicon Valley Bank for £1.

https://www.bbc.com/news/business-64937251

HSBC has agreed to buy the UK arm of collapsed US Silicon Valley Bank (SVB), bringing relief to UK tech firms who warned they could go bust without help.

Customers and businesses who have money deposited in SVB UK will be able to access it as well as other banking services as normal.

The Treasury said the deal with HSBC involved no taxpayer money and the Bank of England said deposits were secure.

HSBC said it paid just £1 for the SVB's UK arm after it failed on Friday.

[ChartBuddy]

Explanation