Posted on 11/24/2022 6:21:19 AM PST by Oldeconomybuyer
SPJNK.
We need NAMES of the Bank Employess AND the REGULATORS!! WHO WAS PAID OFF???
Indeed
They might do more business if they had some parking.
From the MoonStone Bank’s website: https://www.moonstonebank.com/farmington-state-bank
The bank does not offer a credit card. Customers cannot access their accounts over the Internet.
A few years ago it stopped making mortgage loans because the paperwork became too onerous, President John Widman said.
My previous post was the case a short time ago.
Now suddenly they have internet banking ability.
https://www.moonstonebank.com/partnership-banking
This kind of stuff does not sound like it could be done with the current 5 employees.
“I found some data on this bank. At the end of 2020, the bank had $14MM of assets (of which only about $4MM were loans) and $6MM of equity. Thus it was well-capitalized though tiny.”
Wow, even paying 3 people would be tough with those numbers.
Questions are being asked y
<><> how FTX got federal approval to buy its stake in the Farmington mini bank.
<><>it’s hard to believe regulators would have knowingly allowed the crypto firm to do so.
Is the wigged mad Maxine ..... FTX campaign funds taker......
banking committee chair.....in on it?
Call Congress.
Call
We demand a full accounting.
Contact Congress
U.S. House of Representatives:
* Telephone: 202-225-3121
* Website: http://www.house.gov/
U.S. Senate:
* Telephone: 202-224-3121
* Website: http://www.senate.gov/
I want to buy a bank!!! I mean since anyone can do it why not me?
That website was registered Feb 2022.
In the quarter ending June 30, 2022, that expense jumped to $1.2MM.
Something is rotten in Washington state.
check this link out for foundation info in API
(To understand what is an API in banking, one must first understand what an API is, in general. An API, or application programming interface, is basically software that acts as an intermediary between other pieces of software. As the acronym implies, an API is a program that acts as the interface between applications.) :
https://www.treasuryprime.com/blog/api-banking
excerpt found at link for discussion purposes only:
***********************
Bank API integration with fintechs is something only a small number of banks are thinking about at this point. That number is growing, however, as major deals get announced and financial institutions (as well as investors) realize they need to jump on this opportunity.
The benefits of API banking for fintechs
Fintechs can’t operate as islands. If you offer a highly specific service, you’ll be going after customers who need other tools to complement yours. You want to have access to a network of potential partner companies. If you’re a full neobank, you are probably not chartered, which means you can’t insure your deposits. But you can partner with a larger established bank, which can hold deposits and provide FDIC insurance.
None of these beneficial partnerships are possible without API banking. Fintechs need an intermediary with banks, and with each other. Building out that intermediary system on your own would be a huge burden.
sounds more and more like they were into everything BUT crypto...
Used to launder money
FTX campaign funds taker
Many dots to connect in the democrat party big ones too.
The Feds will probe any regular Joe withdrawing more than $600 in cash. They certainly knew these transactions were occurring but their globalist handlers directed them to look the other way.
If Waters did anything official to help FTX buy the bank (and took
campaign donations in the process)......she left us a nice paper trail.
Just a wild guess - but didn't the kid donated hundreds of millions to corrupt democrats?
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