- Jim Cramer has criticized Federal Home Loan Bank’s decision to bail out Silvergate.
- Silvergate received $4.3 billion to carry out operations after FTX collapsed.
- John Reed Stark said “liberty dies” as US taxpayers subsidize crypto frauds.
CNBC show Mad Money host, Jim Cramer retweeted a post about the Federal Home Loan Bank bailing out the crypto-friendly bank Silvergate with $4.3 billion, calling it “dangerous.” He further adds that this is “NOT business as usual,” as he warns the public about how “dangerous this is all getting.”
This is extraordinary. A bailout loan from the Federal Home Loan Bank for a crypto bank to stem the run. I wish people knew how dangerous this is all getting. NOT business as usual https://t.co/dHeeUz6Odo— Jim Cramer (@jimcramer) January 11, 2023
The original tweet was posted by John Reed Stark Consulting LLC President John Reed Stark. He had simultaneously shared an article by ...
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