Politicians, who like Florida Gov. Ron DeSantis are using the situation to justify their pet causes, once promised us “no more bailouts,” yet wrote the rules that allowed SVB to use a little accounting magic and hide billions in unrealized losses. Some, like former Rep. Barney Frank said Signature Bank, where he is now a board member, was attacked for political reasons because it dealt with crypto.
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- Source: https://www.coindesk.com/consensus-magazine/2023/03/14/should-i-keep-my-money-in-bitcoin-or-a-bank/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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