Paul Craig Roberts - The Great Dispossession Part 1
https://www.paulcraigroberts.org/2024/04/11/the-great-dispossession/
Paul Craig Roberts - The Great Dispossession Part 2
https://www.paulcraigroberts.org/2024/04/15/the-great-dispossession-part-2/
Paul Craig Roberts - The Great Dispossession Part 3
https://www.paulcraigroberts.org/2024/04/16/the-great-dispossession-part-3/
Paul Craig Roberts - The Great Dispossession Part 4
https://www.paulcraigroberts.org/2024/04/17/the-great-dispossession-part-4/
This isn’t true… assets like stocks legally belong to the customer, not the bank, they aren’t the bank’s assets, thus the bank’s creditors have no claim to them. This whole concept is built on a foundational lie. Also FDIC and SIPC will insure customers up to $750k total for currency + assets (this is federal liability, meaning they will print for this, the bank isn’t liable so no claim can be made for the assets for almost all accounts)
Your deposit becomes a bankers asset and they have an obligation to you. But it’s no longer yours. If it was, they couldn’t borrow against your stocks to allow someone else to short them.
...in fluid situations...
...male bovine excrement happens...
I'd read somewhere on this board that FDIC currently req. 0% Assets on hand by some trick or another.