It must be a serious balancing game for the white hats to pull down the banks without causing death and destruction to ordinary people. How will they achieve it?
I have an idea. I think they'll change the terrain so that normal people can squeak through but high throughput corrupt people will be starved of cash flow. I think they will use deposit insurance to keep ordinary populus going until the bad actors are removed. If that happens, it's going to be tough!
What if it’s all a show? They seize the elites assets under the guise of a “bank collapse” where everything disappears except fdic deposits (up to $250k — basically everything the elites have and nothing from the plebs. If a couple banks “collapse” but not all of them, they can have cover to seize assets from bad actors but not from wealthy good actors.
For example: in SVB they gave some money back in excess of fdic deposits. Who made the decisions about who gets their money back and who doesn’t? Was it all part of a seizure of ill gotten gains?
It must be a serious balancing game for the white hats to pull down the banks without causing death and destruction to ordinary people. How will they achieve it?
I have an idea. I think they'll change the terrain so that normal people can squeak through but high throughput corrupt people will be starved of cash flow. I think they will use deposit insurance to keep ordinary populus going until the bad actors are removed. If that happens, it's going to be tough!
What if it’s all a show? They seize the elites assets under the guise of a “bank collapse” where everything disappears except fdic deposits (up to $250k — basically everything the elites have and nothing from the plebs. If a couple banks “collapse” but not all of them, they can have cover to seize assets from bad actors but not from wealthy good actors.
For example: in SVB they gave some money back in excess of fdic deposits. Who made the decisions about who gets their money back and who doesn’t? Was it all part of a seizure of ill gotten gains?
Don't the criminals store their money in off shore accounts, like Panama?