Content
@
https://warpcast.com/~/channel/onthebrink
0 reply
0 recast
0 reaction
Ryan
@ryanfmason
Kind of insane this isn’t being talked about anywhere on here. Basically the story is: >Silvergate is intentionally killed by OCP2.0 (pressure from the Fed making it impossible to do business with legit crypto companies) >Silvergate panic triggers run on Silicon Valley Bank >SVB was then killed by Elizabeth Warren (via Gruenberg at FDIC) despite having several valid offers that could save it >Political pressure rises to save SVB, but it’s not systemic. Signature bank is intentionally sent into receivership to trigger systemic status https://open.spotify.com/episode/4IikHw4kXhtCc0qCoOBPO8?si=Aj0TD7LkSSWITBVrtgBXCA&context=spotify%3Acollection%3Apodcasts%3Aepisodes
3 replies
1 recast
7 reactions
Kieran Daniels
@kdaniels.eth
This directly shutdown my $20m startup. Everyone knew this was happening but was publicly gagged from discussing. SVB collapse destroyed $100b in funds. It wasn’t even the actual bank collapse it was the total freeze in funding which cascaded. Wyre shutting down destroyed 20 companies overnight. Our bridge round collapsed and iced the company. The actual story is darker and deeper than this though. FTX was the spear head. SBF was working directly with Gary Gensler and they were more than less allowed to do what they did in order to be the patsy to “attack crypto”. SBFs parents are deep DNC/WEF and he will 100% get out of prison. Watch it happen. It’s all a big club and you’re not in it.
2 replies
0 recast
2 reactions
SQX
@sqx
SV VC cucks put out the SVB Bank run. Tradefi woulda circled wagons. (Like they tried to do still)
0 reply
0 recast
1 reaction
Daniel Fernandes
@dfern.eth
Just listened to the pod today, absolutely wild. Great reporting from @nic
0 reply
0 recast
1 reaction
