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Except there’s truth to it because no one can prove Signature had the same HTM issues as SVB did. Or that whatever outflows they suffered Friday rendered it insolvent.

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The former holders of ~4bn of equity will sue, and the many people that are aware of the inolvency will be demonstrate it in court.

They have audited financial statements and more or less real time valuation of their assets, of course they can prove their solvency.

Great, and I’ve seen no evidence that they suffered the same risks as SVB based on publicly known financials.

We'll make sure to have the FDIC CC you on the emails next time, must have been an oversight.

the claim is that the closure was political which I agree with

but keep thinking that could never happen

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