2min chapter

The Compound and Friends cover image

Bearishly Bullish

The Compound and Friends

CHAPTER

The DFS, the State of New York

The New York Department of Finance closed Signature Bank. The bank had $47 billion in assets and was considered a top-tier regulated bank. Barney Frank, who wrote some of the most important financial legislation in American history, has a conspiracy theory that signature bank was weighted and closed. "I speculate that using us as a poster child to quote, stay away from crypto was the reason there's an old French expression," he said.

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