69 I heard a rumor that Bank of America and Wells Fargo are in Chapter 11. (twitter.com) posted 1 year ago by DarQ2light 1 year ago by DarQ2light +71 / -2 26 comments share 26 comments share save hide report block hide replies
Read your paperwork they update ever year. When you deposit money into the bank, you are “lending’ them your money. Basically you become a creditor (and low down on the totem pole!) when they go bankrupt.