As promised, I want to look further into banks that have seen heavy buying by insiders recently.
All because of the banking “crisis” that’s been all over the news lately. Now, look. This isn’t a real banking crisis. This is just the banking industry deciding to have a “crisis” thanks to some horrific decisions made at Silicon Valley Bancshares and regulators’ intense dislike of cryptocurrency.
I understand the issues behind Silvergate and why the bank voluntarily liquidated. I do not understand why the various regulatory bodies ever let the bank get that deep into the cryptocurrency industry in the first place.
The questions around the Signature Bank seizure are much more interesting and will be fascinating to watch.
But the bottom line is this: these three banks were in unique situations that should have had little to no connection with the rest of the banking industry.
However, all this talk of a wider “banking crisis” has created some great opportunities for us…
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