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Banks have $247T in derivatives can seize your deposits in a Bail In and never pay you back
2 years ago
23
The Dodd Frank act eliminated Bailouts but it established Bail Ins Which allows banks to confiscate depositors assets to avoid complete collapse You deposits are considered unsecured creditors so in the event of a complete collapse the banks other creditors get paid before the depositors And don’t count on FDIC to make you whole
#shortsqueeze #amc #gme #apes #moass
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