The next big bank failure will not be resolved with a government Bail-Out. It will be resolved by a depositor Bail-In. It’s now legal for a big bank to confiscate your money. The FDIC can’t pay out if it has no funds. Can you say Dodd-Frank? If I had a choice between a slow stop or hitting a brick wall, well it wouldn’t be hitting the brick wall.
The silver squeeze is on J.p. morgan.
The next big bank failure will not be resolved with a government Bail-Out. It will be resolved by a depositor Bail-In. It’s now legal for a big bank to confiscate your money. The FDIC can’t pay out if it has no funds. Can you say Dodd-Frank? If I had a choice between a slow stop or hitting a brick wall, well it wouldn’t be hitting the brick wall.
Go ahead and root for the reddit stonker mob.
https://www.popularresistance.org/docs/bail-in.pdf