Where Does New York State Get the Power To Seize Signature Bank? 

It’s hardly an academic question. It goes to the heart of property rights and capitalism in America.

AP/Eric Risberg
A former Massachusetts congressman, Barney Frank, in a June 29, 2014, file photo. AP/Eric Risberg

Where in the world did the government of New York get the power to take Signature Bank away from the bank’s shareholders and from the management who had worked for years to build it into the formidable institution that it was?

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