WOW--Fed admits its supervisory error in press release. But Barr said this👇while SVB's bank run was in full swing. VC Barr: still think @custodiabank's 100% cash model is unsafe & unsound? Aren't u curious how we knew & warned of bank run probs in advance? Care to meet finally?
WOW--Fed admits its supervisory error in press release. But Barr said this👇while SVB's bank run was in full swing. VC Barr: still think @custodiabank's 100% cash model is unsafe & unsound? Aren't u curious how we knew & warned of bank run probs in advance? Care to meet finally? https://t.co/DZnQs27P39
Link to Fed press release below: "We need to have humility, and conduct a careful and thorough review of how we supervised and regulated this firm, and what we should learn from this experience," said Vice Chair Barr. That's an admission of error🧐 federalreserve.gov/newsevents/pre…
@CaitlinLong_ @LawrenceLepard @custodiabank Hey Caitlin, have you ever considered saying that you’ll run Custodia like any other bank just to get approved and then go out and run it as a full reserve bank after your approval
@CaitlinLong_ @custodiabank Custodia would definitely be a killer of unsafe banks prolly that’s why it is being prevented to exist. Imagine the outflow and transfers when people understand there’s an option to have their deposits 100% backed.
@CaitlinLong_ @custodiabank Stop trying to play by the feds rules. P2p
@CaitlinLong_ @custodiabank Why isn't @CaitlinLong_ running the @federalreserve ????? #Bankcollapse #BankCrash
@CaitlinLong_ @custodiabank Begging the anglo-american hegemony for permission access their markets is not a business model. Hugo Chavez had a better pitch than that, because he knew his customers. (Not an endorsement of either Bolivaran Revolution, paper money, or Koch Industries) CC: @GTWlibertyradio
@CaitlinLong_ @custodiabank You are assuming too much good faith on their part. If they are good faith we wouldn't need #Bitcoin in the first place. Nothing replaces Coding.