This was strange because Signature Bankwasn't actually insolvent. Meanwhile, First...
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This was strange because Signature Bank
wasn't actually insolvent. Meanwhile, First Republic,
another bank that failed, was. But instead of
shutting them down, they got a full bail-out. The difference, Signature was
the only major bank servicing the crypto industry. The regulators are sending a,
uh, a clear signal
wasn't actually insolvent. Meanwhile, First Republic,
another bank that failed, was. But instead of
shutting them down, they got a full bail-out. The difference, Signature was
the only major bank servicing the crypto industry. The regulators are sending a,
uh, a clear signal
Full Transcript
00:00:01.000 --> 00:00:02.626
This was strange
00:00:02.626 --> 00:00:05.379
because Signature Bank
wasn't actually insolvent.
00:00:05.838 --> 00:00:10.051
Meanwhile, First Republic,
another bank that failed, was.
00:00:10.593 --> 00:00:12.999
But instead of
shutting them down,
00:00:12.999 --> 00:00:13.679
they got a full bail-out.
00:00:14.347 --> 00:00:17.767
The difference, Signature was
the only major bank
00:00:17.767 --> 00:00:20.227
servicing the crypto industry.
00:00:20.227 --> 00:00:23.689
The regulators are sending a,
uh, a clear signal.
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Movie Summary
Cullen Hoback investigates the origins of Bitcoin and its anonymous creator Satoshi Nakamoto, exploring the potential of this cryptocurrency on the global financial system and who could hold immense power if it became mainstream.
