Revelations 18:9-11 “The kings of the earth who committed fornication and lived luxuriously with her will weep and lament for her, when they see the smoke of her burning, 10 standing at a distance for fear of her torment, saying, ‘Alas, alas, that great city Babylon, that mighty city! For in one hour your judgment has come.’ 11 “And the merchants of the earth will weep and mourn over her, for no one buys their merchandise anymore:

Important Takeaways:

• Barney Frank Sat on Board for Collapsed Signature Bank
• Former Rep. Barney Frank (D-MA), author of the 2010 Dodd-Frank bill, sat on the board for Signature Bank which collapsed in the wake of the Silicon Valley Bank (SVB) implosion.
• Silicon Valley Bank collapsed last Friday after depositors rushed to withdraw money in fear of its impending fall. It was the 16th largest bank in the country.
• Signature Bank became “popular among crypto companies” and provided “deposit services for its clients’ digital assets but did not make loans collateralized by them” according to Fox Business.
• In 2009, Breitbart News editor-at-large Joel Pollak confronted Frank, who was then the chairman of the House Financial Services Committee, asking if he shared any responsibility for the global financial meltdown of 2008.
• Speaking with Greta Van Susteren of Fox News after the exchange, Pollak said Frank had been putting too much blame on Republicans.
• “This guy is someone in a position of responsibility and authority. This guy is the one who’s making the regulations. He’s responsible, essentially, for recreating and redesigning our financial system, and he’s not taking any responsibility for what happened at all,” he added.

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