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Signature Bank de-banked Trump after Jan
6—now the regulators have shut them down

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Posted By: Beardo, 3/14/2023 12:27:06 AM

Regulators shut down New York City based Signature Bank on Sunday, a financial institution which had previously cut ties with President Donald Trump following the riot at the US Capitol on January 6, 2021. (snip) On January 12, 2021, the bank told The New York Post that it had begun the process of closing Trump’s two personal accounts and “will not do business in the future with any members of Congress who voted to disregard the Electoral College.” According to the outlet, Signature also posted a “scathing statement” on its website slamming Trump stating, “We have never before commented on any political matter and hope to never do so again.”

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Reply 1 - Posted by: kennedylaw 3/14/2023 12:35:28 AM (No. 1424408)
Get woke, go broke.
38 people like this.

Reply 2 - Posted by: itsonlyme 3/14/2023 12:41:12 AM (No. 1424409)
Hoping that all employees of the bank are permanently unemployed and find life to be unbearable. Cheers!
21 people like this.

Reply 3 - Posted by: Birddog 3/14/2023 12:43:33 AM (No. 1424411)
yeah well...they had Barney Frank on the board, soooo...what do you expect.
30 people like this.

Reply 4 - Posted by: PageTurner 3/14/2023 12:49:34 AM (No. 1424412)
No wonder Joe was quick to give them a bailout. This bank is a crypto bank, the currency they use is not backed by the US government. Most of those involved are fast-buck investors looking for big quick payouts through speculation. The people who actually use crypto are drug dealers, money launderers and crooks. Why again are these people at this Bawney Fwank bank being bailed out?
26 people like this.

Reply 5 - Posted by: jayjeti 3/14/2023 1:14:39 AM (No. 1424424)
What happened to normal business sense? Some CEOs and boards must have low IQs to aligning their business with social causes that will make enemies of some customers.
22 people like this.

Reply 6 - Posted by: Strike3 3/14/2023 2:38:40 AM (No. 1424451)
The rewards of stupidity are always the same. You play politics you lose half your customers.
28 people like this.

Reply 7 - Posted by: mifla 3/14/2023 5:23:30 AM (No. 1424474)
I suspect most of those with deposits at this bank are liberals. Which explains why Joe wants to bail them out.
15 people like this.

Reply 8 - Posted by: Petronius 3/14/2023 5:34:24 AM (No. 1424481)
So they did Trump a favor.
22 people like this.

Reply 9 - Posted by: avital2 3/14/2023 6:32:23 AM (No. 1424499)
karma :)
14 people like this.

Reply 10 - Posted by: JackBurton 3/14/2023 6:40:04 AM (No. 1424502)
Oh, the schadenfreude.
13 people like this.

Reply 11 - Posted by: skacmar 3/14/2023 6:49:59 AM (No. 1424510)
Just one of many poor decisions which led to the bank's closing. When you put your agenda over smart business decisions, this is what happens. Wonder who is next?
7 people like this.

Reply 12 - Posted by: hisself 3/14/2023 7:53:39 AM (No. 1424540)
Don Surber calls it Trumpenfreud!
10 people like this.

Reply 13 - Posted by: planetgeo 3/14/2023 9:13:35 AM (No. 1424604)
Not just broke, Bawney, you're bwoke. Oh, and you're fired too.
5 people like this.

Reply 14 - Posted by: EQKimball 3/14/2023 10:02:28 AM (No. 1424663)
Everyone knows the FDIC limit on insured deposits. Once you abandon statutory procedures and start making it up as you go, uncertainty, chaos, and fighting for place in line is inevitable. The results will always fall on the taxpayers.
5 people like this.

Reply 15 - Posted by: David Key 3/14/2023 10:53:48 AM (No. 1424727)
Not exactly instant, but Karma none the less.
4 people like this.

Reply 16 - Posted by: DVC 3/14/2023 4:34:46 PM (No. 1425092)
Attack Trump.....you will destroy yourself. Example number 311.
1 person likes this.

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Posted by Beardo 3/14/2023 12:27:06 AM Post Reply
Regulators shut down New York City based Signature Bank on Sunday, a financial institution which had previously cut ties with President Donald Trump following the riot at the US Capitol on January 6, 2021. (snip) On January 12, 2021, the bank told The New York Post that it had begun the process of closing Trump’s two personal accounts and “will not do business in the future with any members of Congress who voted to disregard the Electoral College.” According to the outlet, Signature also posted a “scathing statement” on its website slamming Trump stating, “We have never before commented on any political matter and hope to never do so again.”
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