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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Qone0 who wrote (74760)	12/15/2022 11:16:20 AM
From: edward miller	2 Recommendations Recommended By ajtj99 Qone0 Respond to of 98114

All that plus add in a crypto implosion and scandal from some FDIC banks being exposed to crypto in a significant way. There may be more involved beyond this SBF scam. wallstreetonparade.com “Suppose you’re a crypto company that wants to own a bank approved to engage in digital-asset activities. Here’s the fast-track way you might achieve that, while complying with rules in place since August: Go buy a bank, any bank. Convert your bank to a Federal Reserve member bank, meaning that your bank’s federal supervisor will now be the Fed, not the Office of the Comptroller of the Currency or the Federal Deposit Insurance Corp. Wait a little bit, maybe six months. Then send the Fed a letter notifying it that your bank is going to engage in digital-asset activities and that you have determined the activities your bank will conduct are permissible. Promise that you will soon establish a risk management framework to manage this complex new business. If you’re lucky, your bank won’t be examined for a year or two. By then, you might have cranked up quite a dumpster fire.”