FTX update about that minor 3.2 billion transfer and lots more
Credit suisse loan, First bank Deposits, Binance struggle
Sam Bankman Frieds lies falls apart. That one about everything is just a little more than a clerical error. New FTX Managements claims his proxies received around 3.2 billion in money. Lots of clerical errors.
Why don't I see such clerical errors in my bank account?
US shareholders sue Credit Suisse. You know, fraud about disclosing vital financial info, loss of clients, etc. Not that we know (or they) know what the actual financial status (or prognosis) is.
So Credit Suisse gets a "loan" from the central bank for a 54 billion liquidity confidence. No biggie.
The First bank is/was obviously next on the bank run. So a couple of large banks agreed to make massive deposits that will probably save it in the short run.
However, this "act of love" was government sanctioned. As in forced by government agencies, and probably with some White House whispering. How much? Peanuts, really, just 29 billion.
Remember that the next time you try to get a loan for 5000 USD, the bank clerk is giving you a hard time.
And yes, if you were wondering. Nobody is brave enough to publicly ask if these are an act of feeding fresh blood to a zombie or real solutions. Because NOBODY really knows the answer to that. And just asking that it will trigger a bank run - again.
And on the crypto front. Judge brushes off the government's speculations that selling Voyager to Binance is a bad idea.
Basically, he said they presented nothing worthy of him reconsidering it. And that if they do find anything, they should come back. What a disgrace to the government.
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