{"id":2007,"date":"2023-03-15T13:04:18","date_gmt":"2023-03-15T18:04:18","guid":{"rendered":"https:\/\/nakedpolitics.net\/?p=2007"},"modified":"2023-03-15T13:04:18","modified_gmt":"2023-03-15T18:04:18","slug":"latest-bank-to-collapse-is-same-one-that-closed-trumps-accounts-after-jan-6th","status":"publish","type":"post","link":"https:\/\/nakedpolitics.net\/?p=2007","title":{"rendered":"Latest Bank To Collapse Is Same One That Closed Trump\u2019s Accounts After Jan 6th"},"content":{"rendered":"\n<p>Previously called for President\u2019s resignation<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%20370%20247'%3E%3C\/svg%3E\" data-lazy-src=\"https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/03\/image-51.png\" alt=\"\" class=\"zeen-lazy-load-base zeen-lazy-load wp-image-2008\"\/><noscript><img decoding=\"async\" width=\"800\" height=\"450\" src=\"https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/03\/image-51.png\" alt=\"\" class=\"wp-image-2008\" srcset=\"https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/03\/image-51.png 800w, https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/03\/image-51-300x169.png 300w, https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/03\/image-51-770x433.png 770w, https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/03\/image-51-293x165.png 293w, https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/03\/image-51-390x219.png 390w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/noscript><figcaption class=\"wp-element-caption\">Lokman Vural Elibol\/Anadolu Agency via Getty Images<a href=\"https:\/\/summit.news\/2023\/03\/13\/latest-bank-to-collapse-is-same-one-that-closed-trumps-accounts-after-jan-6th\/#\"><\/a><br><\/figcaption><\/figure>\n<\/div>\n\n\n<p><strong>A third U.S. bank has failed in the space of a week, and this time its the same one that closed President Trump\u2019s accounts two years ago, reasoning that it would not do business with Trump after January 6th.<\/strong><\/p>\n\n\n\n<p>Signature bank in New York was shut down by US regulators on Sunday, according to a joint&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/www.federalreserve.gov\/newsevents\/pressreleases\/monetary20230312b.htm\" target=\"_blank\">statement<\/a>&nbsp;from the Federal Reserve, US Treasury and the Federal Deposit Insurance Corporation (FDIC), noting that the lender \u201cwas closed by its state chartering authority.\u201d<\/p>\n\n\n\n<p>It comes after SVB bank and California-based crypto-focused Silvergate also failed.<\/p>\n\n\n\n<p>The statement further notes that \u201c[SVB] depositors will have access to all of their money starting Monday, March 13\u2026 We are announcing a similar systemic risk exception for Signature Bank\u2026 all depositors of this institution will be made whole. As with the resolution of Silicon Valley Bank, no losses will be borne by the taxpayer.\u201d<\/p>\n\n\n\n<p>Analysts were quick to point out that Signature severed lending to Trump and called for the then President to resign in January 2021.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Signature Bank famously closed President Trump&#39;s bank accounts to signal its virtue. Go woke, go broke.<a href=\"https:\/\/t.co\/PzGfq2J2sg\">https:\/\/t.co\/PzGfq2J2sg<\/a><\/p>&mdash; David Shafer (@DavidShafer) <a href=\"https:\/\/twitter.com\/DavidShafer\/status\/1635068532248678400?ref_src=twsrc%5Etfw\">March 13, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Signature Bank did Trump a hyge favor.<br><br>             2021                     Vs                2023 <a href=\"https:\/\/t.co\/x3RfMG6aNY\">pic.twitter.com\/x3RfMG6aNY<\/a><\/p>&mdash; I Meme Therefore I Am \ud83c\uddfa\ud83c\uddf8 (@ImMeme0) <a href=\"https:\/\/twitter.com\/ImMeme0\/status\/1635115835420475392?ref_src=twsrc%5Etfw\">March 13, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Signature Bank just collapsed. Yes, the same bank that closed President Trump\u2019s personal bank accounts after J6. <a href=\"https:\/\/t.co\/3WGHfRbIqo\">pic.twitter.com\/3WGHfRbIqo<\/a><\/p>&mdash; G.Strand (@GStrand45) <a href=\"https:\/\/twitter.com\/GStrand45\/status\/1635166234303143936?ref_src=twsrc%5Etfw\">March 13, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>At the time&nbsp;<a href=\"https:\/\/rew-online.com\/signature-bank-calls-for-trump-resignation\/\">a statement from Signature<\/a>&nbsp;read \u201cWe have never before commented on any political matter and hope to never do so again. However, as Americans we are deeply, deeply saddened by the rioting and insurrection which took place in the most sacred of American institutions, our United States Capitol.\u201d<\/p>\n\n\n\n<p>It continued, \u201cWe witnessed the President of the United States encouraging the rioters and refraining from calling in the National Guard to protect the Congress in its performance of duty.\u201d<\/p>\n\n\n\n<p>\u201cAt this point in time, to ensure the peaceful transition of power, we believe the appropriate action would be the resignation of the President of the United States, which is in the best interests of our nation and the American people,\u201d the bank added.<\/p>\n\n\n\n<p>Trump held two accounts with the bank, according to reports, with over 5 million dollars invested in them.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%20370%20247'%3E%3C\/svg%3E\" data-lazy-src=\"https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/03\/image-52.png\" alt=\"\" class=\"zeen-lazy-load-base zeen-lazy-load wp-image-2009\"\/><noscript><img decoding=\"async\" width=\"768\" height=\"432\" src=\"https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/03\/image-52.png\" alt=\"\" class=\"wp-image-2009\" srcset=\"https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/03\/image-52.png 768w, https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/03\/image-52-300x169.png 300w, https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/03\/image-52-293x165.png 293w, https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/03\/image-52-390x219.png 390w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/noscript><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/summit.news\/2021\/01\/12\/purge-banks-shutting-down-trump-accounts\/\">PURGE: Banks Shutting Down Trump Accounts<\/a><\/figcaption><\/figure>\n<\/div>\n\n\n<p>The latest collapse comes after revelations of how SVB was also heavily concentrating on woke policies.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Remember that time Signature Bank cut ties with President Trump and called for his resignation? Or that time SVB and Signature started going woke? <br><br>Well now the sayings are true\u2026 <br><br>Go Woke Go Broke\u2026 <br><br>Everything Woke Turns to Shit\u2026 <a href=\"https:\/\/t.co\/z3WcJ1lYLb\">pic.twitter.com\/z3WcJ1lYLb<\/a><\/p>&mdash; Bryan McNally (@BryanDMcNally) <a href=\"https:\/\/twitter.com\/BryanDMcNally\/status\/1635090718715961344?ref_src=twsrc%5Etfw\">March 13, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Trump previously warned that \u201cif you put the wrong person in office,\u201d there would be a huge economic crash on the scale of 1929:<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Bank Panic! Is this Donald Trump prediction about to come true?<br><br>SVB, First Republic Bank, Signature Bank, JPMorgan, Wells Fargo, Bank of America &amp; Citigroup all losing HUGE.  It was the worst day for bank stocks since 2020 which fell over 4% Per FBN. <a href=\"https:\/\/t.co\/CogDtMf9GP\">pic.twitter.com\/CogDtMf9GP<\/a><\/p>&mdash; SweetPeaBelle (@SweetPeaBell326) <a href=\"https:\/\/twitter.com\/SweetPeaBell326\/status\/1634214187210555396?ref_src=twsrc%5Etfw\">March 10, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Meanwhile, Treasury Secretary Janet Yellen said Sunday there would be no federal government bailouts and claimed that the economy is in \u201cgood shape\u201d:<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Asked whether the government might bail out banks as it did during the 2008 crisis, <a href=\"https:\/\/twitter.com\/SecYellen?ref_src=twsrc%5Etfw\">@SecYellen<\/a> says, \u201cWe\u2019re not going to do that again.\u201d But she adds, \u201cWe are concerned about depositors and are focused on trying to meet their needs.\u201d <a href=\"https:\/\/t.co\/sg5WBFWfPj\">pic.twitter.com\/sg5WBFWfPj<\/a><\/p>&mdash; Face The Nation (@FaceTheNation) <a href=\"https:\/\/twitter.com\/FaceTheNation\/status\/1634927984799883265?ref_src=twsrc%5Etfw\">March 12, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">\u201cWould you be open to a foreign bank coming in\u2026to help stabilize the situation with [SVB]?\u201d asks <a href=\"https:\/\/twitter.com\/margbrennan?ref_src=twsrc%5Etfw\">@margbrennan<\/a>.<a href=\"https:\/\/twitter.com\/SecYellen?ref_src=twsrc%5Etfw\">@SecYellen<\/a> says this \u201creally is a decision for the FDIC,\u201d adding, \u201cI&#39;m sure they&#39;re considering a wide range of available options that would include acquisitions.\u201d <a href=\"https:\/\/t.co\/wurN4USZ5H\">pic.twitter.com\/wurN4USZ5H<\/a><\/p>&mdash; Face The Nation (@FaceTheNation) <a href=\"https:\/\/twitter.com\/FaceTheNation\/status\/1634929639352070146?ref_src=twsrc%5Etfw\">March 12, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">.<a href=\"https:\/\/twitter.com\/SecYellen?ref_src=twsrc%5Etfw\">@SecYellen<\/a> on whether the SVB collapse could lead to other bank failures and spillover into the economy: \u201cWe want to make sure that the troubles that exist at one bank don&#39;t create contagion to others that are sound.\u201d <a href=\"https:\/\/t.co\/FApuXm5j9a\">pic.twitter.com\/FApuXm5j9a<\/a><\/p>&mdash; Face The Nation (@FaceTheNation) <a href=\"https:\/\/twitter.com\/FaceTheNation\/status\/1634927349702758400?ref_src=twsrc%5Etfw\">March 12, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">\u201cAmerica\u2019s economy relies on a safe and sound banking system,\u201d Treasury <a href=\"https:\/\/twitter.com\/SecYellen?ref_src=twsrc%5Etfw\">@SecYellen<\/a> tells <a href=\"https:\/\/twitter.com\/margbrennan?ref_src=twsrc%5Etfw\">@margbrennan<\/a> when asked about the collapse of Silicon Valley Bank, adding that she has been working with &quot;banking regulators to design appropriate policies to address this situation.&quot; <a href=\"https:\/\/t.co\/tMdn8bJcLB\">pic.twitter.com\/tMdn8bJcLB<\/a><\/p>&mdash; Face The Nation (@FaceTheNation) <a href=\"https:\/\/twitter.com\/FaceTheNation\/status\/1634927008676458496?ref_src=twsrc%5Etfw\">March 12, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">8 hours apart <a href=\"https:\/\/t.co\/5mM6c7vxoT\">pic.twitter.com\/5mM6c7vxoT<\/a><\/p>&mdash; Tom Elliott (@tomselliott) <a href=\"https:\/\/twitter.com\/tomselliott\/status\/1635260033079320580?ref_src=twsrc%5Etfw\">March 13, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Last week Yellen was concentrating on Ukraine:<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">This is a regulatory failure of historic proportions by both the Fed and Treasury. <br><br>Instead of preventing billions in losses, the Fed was worrying about board diversity and Yellen was flying to Ukraine.<br><br>Everyone should be sacked immediately. <a href=\"https:\/\/t.co\/XDd5LTI6hF\">https:\/\/t.co\/XDd5LTI6hF<\/a><\/p>&mdash; zerohedge (@zerohedge) <a href=\"https:\/\/twitter.com\/zerohedge\/status\/1635044286713438212?ref_src=twsrc%5Etfw\">March 12, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Original Article: <a href=\"https:\/\/summit.news\/2023\/03\/13\/latest-bank-to-collapse-is-same-one-that-closed-trumps-accounts-after-jan-6th\/\">https:\/\/summit.news\/2023\/03\/13\/latest-bank-to-collapse-is-same-one-that-closed-trumps-accounts-after-jan-6th\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Previously called for President\u2019s resignation A third U.S. bank has failed in the space of a week, and this time its the same one that closed President Trump\u2019s accounts two years ago, reasoning that it would not do business with Trump after January 6th. Signature bank in New York was shut down by US regulators on Sunday, according to a joint&nbsp;statement&nbsp;from the Federal Reserve, US Treasury and the Federal Deposit Insurance Corporation (FDIC), noting that the lender \u201cwas closed by [&hellip;]<\/p>\n","protected":false},"author":71,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10],"tags":[],"class_list":["post-2007","post","type-post","status-publish","format-standard","hentry","category-finance"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=\/wp\/v2\/posts\/2007","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=\/wp\/v2\/users\/71"}],"replies":[{"embeddable":true,"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2007"}],"version-history":[{"count":1,"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=\/wp\/v2\/posts\/2007\/revisions"}],"predecessor-version":[{"id":2010,"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=\/wp\/v2\/posts\/2007\/revisions\/2010"}],"wp:attachment":[{"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}