Home Crypto CNBC Host Jim Cramer Calls Fed’s Loan To Crypto Bank ‘Dangerous’

CNBC Host Jim Cramer Calls Fed’s Loan To Crypto Bank ‘Dangerous’

0

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 …

The post CNBC Host Jim Cramer Calls Fed’s Loan To Crypto Bank ‘Dangerous’ appeared first on Coin Edition.

LEAVE A REPLY

Please enter your comment!
Please enter your name here