By Pam Martens and Russ Martens: March 8, 2023 ~ A very peculiar headline appeared at Bloomberg News yesterday concerning the collapsing federally-insured bank, Silvergate Bank, which became the go-to financial institution over the past few years for crypto exchanges around the globe. The headline read: “Silvergate Is in Talks With FDIC Officials on Ways to Salvage Bank.” That headline moved quickly to other news outlets, which dutifully regurgitated that there was an effort underfoot by the Federal Deposit Insurance Corporation to save Silvergate Bank. Bloomberg News then went further out on a shaky limb with this paragraph: “Federal Deposit Insurance Corp. officials have been discussing with management ways to avoid a shutdown, according to people familiar with the matter. One possible option involves lining up crypto-industry investors to help Silvergate shore up its liquidity, said one of the people. FDIC examiners arrived at the firm’s La Jolla, California, offices last week, … Continue reading FDIC Investigators Are on the Premises of Collapsing Federally-Insured, Crypto Related Bank, Silvergate: It’s Not a Friendly Visit