What happens if a huge bank like JP Morgan goes bankrupt? - The Great Awakening

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What happens if a huge bank like JP Morgan goes bankrupt?

posted 3 years ago by bojackjohnson 3 years ago by bojackjohnson +114 / -0

For example, my mortgage is through JP Morgan Chase. Do credit cards and mortgages and such just get wiped out? Or do they demand people pay their balances all at once? Or does another bank buy them out and the debts are transferred? How does all of that work?

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– Suzeq2018 7 points 3 years ago +7 / -0

this^

The WHOLE system will be replaced.

Q and DJT didn't invest most of their lives into this so we could fix up the old place.

Nope, we're starting over with a new foundation.

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