Third Bank to Collapse Is Same One That Closed Trump’s Accounts after January 6

SHARE
TWEET
Third Bank to Collapse Is Same One That Closed Trump's Accounts after January 6

Signature bank, the third U.S bank to collapse this week, was the same one that closed President Donald Trump’s accounts after January 6.

US regulators shut down Signature bank on Sunday.

A joint statement from the Federal Reserve, US Treasury, and the Federal Deposit Insurance Corporation (FDIC) confirmed the lender “was closed by its state chartering authority.”

The news comes following the collapse of Silicon Valley Bank, Silvergate.

The statement also noted:

“[SVB] depositors will have access to all of their money starting Monday, March 13… We are announcing a similar systemic risk exception for Signature Bank… 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.”

Signature bank closed Trump’s accounts while calling for him to resign in January 2021 – just over two years later the bank suffered a massive collapse.

A statement from Signature read at the time:

“We 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.”

‘We 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,” it continued.

“At 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,” the bank added.

Trump held two accounts with Signature bank with over 5 million dollars invested in them.

Earlier today, Joe Biden gave himself a pat on the back before claiming his administration stabilized the situation while blaming the problem on Trump.

“During the Obama-Biden administration, we put in place tough requirements on banks like Silicon Valley Bank and Signature Bank, including the Dodd-Frank law to make sure the crisis we saw in 2008 would not happen again,” he said. “Unfortunately, the last administration rolled back some of these requirements.”

READ MORE: Silicon Valley Bank Scrubs Website, Deletes Twitter and YouTube Videos

NOTICE: Our comment section is currently disabled due to malicious attacks preventing our readers being able to comment properly. We are in the process are implementing a new system which will be live soon! Sorry for any inconvenience!

SHARE
TWEET
Telegram
Email
Reddit
Subscribe
Notify of
guest
7 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Wayne
Wayne
1 year ago

That’s sweet revenge for Trump. Go woke; go broke. More to come!

MAGA Dude
MAGA Dude
Reply to  Wayne
1 year ago

Signature Bank is such a loser…Trump offered and recommened the National Guard and Pelosi refused to let them help. It was a simple set up with FBI plants in the crowd…

Robbie
Robbie
1 year ago

Man now that’s karma!

avnrulz
avnrulz
1 year ago

Reaping what they sowed.

Pablo
Pablo
1 year ago

La maldición de Trump los atrapará a todos. ¡Haz tu pieza con Dios malhechores!

Doug
Doug
1 year ago

Love the irony. Fascist woke, morally depraved democrats are incapable of organizing a beer bash in a brewery.

bob
bob
1 year ago

“We 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.”

The Sacred House of Liars?

And never shall you comment on our political matters again. Wish granted.

Breaking

Trending

Elon Musk Warns Democrats Are Making it Near 'Impossible' to Prove Voter Fraud
Elon Musk Warns Democrats Are Making it Near 'Impossible' to Prove Voter Fraud
Elon Musk posted a series of Tweets on his platform X in which he called for election integrity while...
JD Vance Destroys NBC Host When Asked if Trump Will Weaponize DOJ if Elected
JD Vance Destroys NBC Host When Asked if Trump Will Weaponize DOJ if Elected
Senator JD Vance flipped the tables on NBC’s “Meet The Press” host Kristen Welker after...
Rachel Maddow's 'False Reporting' to Cost MSNBC $30 Million
Rachel Maddow's 'False Reporting' to Cost MSNBC $30 Million
MSNBC anchor Rachel Maddow could cost the network a whopping $30 million after making “false”...
Elon Musk Warns Democrats Are Preparing to Use Non-Citizen Votes to Steal Election
Elon Musk Warns Democrats Are Preparing to Use Non-Citizen Votes to Steal Election
Billionaire Elon Musk issued a stark warning that Democrats are planning to steal more federal elections...
Democrat Insiders Sound Alarm on 2024 Election: 'Sh*t Is Going to Hit the Fan'
Democrat Insiders Sound Alarm on 2024 Election: 'Sh*t Is Going to Hit the Fan'
Following Joe Biden‘s catastrophic debate performance last week, Democrats remain in a state of...
Biden's Own Physician Rushes to Do Damage Control after Parkinson's Specialist's Multiple Visits to White House
Biden's Own Physician Rushes to Do Damage Control after Parkinson's Specialist's Multiple Visits to White House
Following reports that a Parkinson’s specialist visited the White House eight times within eight...
Klaus Schwab: Humanity Must Be 'Forced into Collaboration' with Elites
Klaus Schwab: Humanity Must Be 'Forced into Collaboration' with Elites
World Economic Forum founder Klaus Schwab told attendees at a conference in China that humanity needs...
Biden 'Ruined' NATO Summit with Unforgivable Gaffe, European Officials Say
Biden 'Ruined' NATO Summit with Unforgivable Gaffe, European Officials Say
Joe Biden‘s embarrassing gaffe where he called Ukraine leader Volodymyr Zelensky “President...
Rolling Stones' Mick Jagger Praises Justin Trudeau during Concert, Instantly Regrets It
Rolling Stones' Mick Jagger Praises Justin Trudeau during Concert, Instantly Regrets It
Establishment rockstars are increasingly out of touch with the normal working man, and Rolling Stones...
Former Obama Advisor Admits Biden 'Likely to Lose Election by a Landslide'
Former Obama Advisor Admits Biden 'Likely to Lose Election by a Landslide'
Former Obama adviser David Axelrod has called on President Joe Biden to drop out of the race or risk...
7
0
What are your thoughts? Click to commentx
()
x

JOIN THE FIGHT!

SIGN UP FOR OUR FREE BREAKING NEWSLETTER STRAIGHT TO YOUR INBOX! 

We don’t spam! Read our Privacy Policy for more info.