Bank Bailouts – DIGIT INFO

Yellen Says US Could Back All Deposits at Smaller Banks if Needed to Prevent Contagion

DIGIT — Wed, 22 Mar 2023 00:00:54 +0000

U.S. Treasury Secretary Janet Yellen says the federal government could guarantee all deposits of smaller banks if they “suffer deposit runs that pose the risk of contagion.” The government recently protected all deposits of Silicon Valley Bank and Signature Bank after they failed. U.S. Government Ready to Guarantee More Deposits if Needed U.S. Treasury Secretary […]

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Elon Musk Criticizes Federal Reserve’s Data Latency and Calls for Immediate Rate Drop Amidst Banking Chaos

DIGIT — Sat, 18 Mar 2023 19:49:58 +0000

Amidst the chaos in the U.S. banking sector, Elon Musk, the CEO of Tesla and owner of Twitter, has been critical of the country’s central bank. Musk insists that the U.S. Federal Reserve is operating with “way too much latency in their data,” and he insists that the central bank needs to drop the federal […]

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14th Anniversary of Bitcoin’s Genesis Block: A Look Back at the Birth of Cryptocurrency

DIGIT — Tue, 03 Jan 2023 20:30:56 +0000

14 years ago on Jan. 3, 2009, Satoshi Nakamoto launched the Bitcoin network and block zero at approximately 1:15 p.m. (ET) on a Saturday afternoon. Satoshi’s technology allows “online payments to be sent directly from one party to another without going through a financial institution.” Since Bitcoin was born it changed the financial system significantly, […]

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Report: Fed’s Secret Repo Loans to Megabanks in 2020 Eclipsed 2008 Bailouts, Data Dump Shows $48 Trillion in Stealth Funding

DIGIT — Wed, 13 Apr 2022 21:30:28 +0000

Following the controversial bank bailouts and Troubled Asset Relief Program (TARP) in 2008, reports show in late 2019 and 2020, the U.S. Federal Reserve participated in providing trillions of dollars in secret repo loans to megabanks. At the end of March, investigative journalists, Pam and Russ Martens from Wall Street on Parade, uncovered $3.84 trillion […]

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As Citizens Suffer Central Banks Flush Trading Houses With Trillions, Ease Corporate Strains

DIGIT — Thu, 10 Dec 2020 12:05:12 +0000

Central banks across the world have been increasing stimulus and letting inflation run high in order to combat the disastrous economic effects of the coronavirus outbreak response. The Bank of Japan has recently become the country’s largest stockholder and the European Central Bank is prepared to expand its colossal stimulus program. Meanwhile, Federal Reserve Chair […]

The post As Citizens Suffer Central Banks Flush Trading Houses With Trillions, Ease Corporate Strains appeared first on Bitcoin News.

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Bailouts From Asia to the EU Signal Recession and Potential Crypto Opportunity

DIGIT — Thu, 19 Dec 2019 07:33:53 +0000

China’s Hengfeng Bank is set to get a $14.2 billion bailout from both Chinese government and foreign investors. An emergency decree has been approved to bail out southern Italy’s biggest lender, Banca Popular di Bari. Germany continues to struggle with bailout pains, as regional bank Nordlb finds itself now depending on another capital injection. None […]

The post Bailouts From Asia to the EU Signal Recession and Potential Crypto Opportunity appeared first on Bitcoin News.

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