I do believe that is the case with many of these "odd" financial happenings. It's like a game of musical chairs, the white hats stop the music and then see where everyone scatters.
That's a great point. Could be possible majority are just shell companies. Just get a website, some bullshit documents, and have all the laundered cash put in to appear as sales or other revenue.
Maybe it's an EO taking the cash, or bad actors have other assets frozen so are being forced to raid their piggy banks = fake start ups.
A legal, regulatory confiscation of bank assets wouldn't touch customer deposits, so I don't think so.
I think this is the bank getting caught with their pants down, treating deposits as a slush fund as part of their normal operations. Usually they'd get away with it, with inflated claims of asset value and plenty of time to bring it back up to market. The audit might be driven by white hats, but it doesn't look like a forfeiture to me.
Food for thought: what if this is Trumps executive order confiscating the assets of human traffickers?
I do believe that is the case with many of these "odd" financial happenings. It's like a game of musical chairs, the white hats stop the music and then see where everyone scatters.
That's a great point. Could be possible majority are just shell companies. Just get a website, some bullshit documents, and have all the laundered cash put in to appear as sales or other revenue.
Maybe it's an EO taking the cash, or bad actors have other assets frozen so are being forced to raid their piggy banks = fake start ups.
This is GME taking down the entire rigged system brick by brick.
A legal, regulatory confiscation of bank assets wouldn't touch customer deposits, so I don't think so.
I think this is the bank getting caught with their pants down, treating deposits as a slush fund as part of their normal operations. Usually they'd get away with it, with inflated claims of asset value and plenty of time to bring it back up to market. The audit might be driven by white hats, but it doesn't look like a forfeiture to me.
Tinfoil hat time!
The hedge funds for GME were using SVB cash and apes won!
Ahh... We'll need some ape brains to weigh in... Is it mark-to-margin time again? I like your take!
Ooh, good eyes, frog 🐸
Yes! EO 13818
https://www.govinfo.gov/app/details/DCPD-201700923