An Insider Blows the Whistle on How the Fed Has Allowed Crypto to Invade Federally-Insured Banks

Twelve days after the disgraced and corrupt crypto exchange, FTX, filed for bankruptcy, the New York Times ran this headline: “Crypto Firm FTX’s Ownership of a U.S. Bank Raises Questions.” The article explains that a tiny bank in Washington state, Farm…

Twelve days after the disgraced and corrupt crypto exchange, FTX, filed for bankruptcy, the New York Times ran this headline: “Crypto Firm FTX’s Ownership of a U.S. Bank Raises Questions.” The article explains that a tiny bank in Washington state, Farmington State Bank (also known as Moonstone Bank), had received an ownership stake of $11.5 million from FTX’s sister firm, Alameda Research, which at the time was twice the net worth of the bank. More

The post An Insider Blows the Whistle on How the Fed Has Allowed Crypto to Invade Federally-Insured Banks appeared first on CounterPunch.org.

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Pam Martens - Russ Martens | radiofree.asia (2024-04-29T22:28:35+00:00) » An Insider Blows the Whistle on How the Fed Has Allowed Crypto to Invade Federally-Insured Banks. Retrieved from https://radiofree.asia/2022/12/15/an-insider-blows-the-whistle-on-how-the-fed-has-allowed-crypto-to-invade-federally-insured-banks/.
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" » An Insider Blows the Whistle on How the Fed Has Allowed Crypto to Invade Federally-Insured Banks." Pam Martens - Russ Martens | radiofree.asia - Thursday December 15, 2022, https://radiofree.asia/2022/12/15/an-insider-blows-the-whistle-on-how-the-fed-has-allowed-crypto-to-invade-federally-insured-banks/
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Pam Martens - Russ Martens | radiofree.asia Thursday December 15, 2022 » An Insider Blows the Whistle on How the Fed Has Allowed Crypto to Invade Federally-Insured Banks., viewed 2024-04-29T22:28:35+00:00,<https://radiofree.asia/2022/12/15/an-insider-blows-the-whistle-on-how-the-fed-has-allowed-crypto-to-invade-federally-insured-banks/>
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Pam Martens - Russ Martens | radiofree.asia - » An Insider Blows the Whistle on How the Fed Has Allowed Crypto to Invade Federally-Insured Banks. [Internet]. [Accessed 2024-04-29T22:28:35+00:00]. Available from: https://radiofree.asia/2022/12/15/an-insider-blows-the-whistle-on-how-the-fed-has-allowed-crypto-to-invade-federally-insured-banks/
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" » An Insider Blows the Whistle on How the Fed Has Allowed Crypto to Invade Federally-Insured Banks." Pam Martens - Russ Martens | radiofree.asia - Accessed 2024-04-29T22:28:35+00:00. https://radiofree.asia/2022/12/15/an-insider-blows-the-whistle-on-how-the-fed-has-allowed-crypto-to-invade-federally-insured-banks/
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" » An Insider Blows the Whistle on How the Fed Has Allowed Crypto to Invade Federally-Insured Banks." Pam Martens - Russ Martens | radiofree.asia [Online]. Available: https://radiofree.asia/2022/12/15/an-insider-blows-the-whistle-on-how-the-fed-has-allowed-crypto-to-invade-federally-insured-banks/. [Accessed: 2024-04-29T22:28:35+00:00]
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» An Insider Blows the Whistle on How the Fed Has Allowed Crypto to Invade Federally-Insured Banks | Pam Martens - Russ Martens | radiofree.asia | https://radiofree.asia/2022/12/15/an-insider-blows-the-whistle-on-how-the-fed-has-allowed-crypto-to-invade-federally-insured-banks/ | 2024-04-29T22:28:35+00:00
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