Posted on 04/24/2021 7:43:32 AM PDT by DUMBGRUNT
Not only is your remark untrue, it is totally irrelevant to this topic.
Anyone who says this can’t happen is ignorant of history—that’s why you should maintain a private wallet.
Tell him to try, ‘P@ssW0rd’ and see if that helps. *SNORT* :)
Actually, we should say the same about your comment.
That's a bit unusual. Generally it is the customer's money that's considered to have disappeared, and the company accounts are deemed to be intact.
I'll trust crypto when my deposit is FDIC insured, and the bank is subject to audits.
Hah! Great flick AND soundtrack.
Too bad Oliver Stone cucked out and apologized to the Turks.
I didn’t know that. But I’ve owned a copy of the soundtrack almost since I saw the movie in a theatre in Athens, Greece in 1980 while backpacking thru Europe. Scared the crap outta me.
—”I’ll trust crypto when my deposit is FDIC insured, and the bank is subject to audits.”
The FDIC is backed by the full faith and credit of the U.S. government. ???
The Securities Investors Protection Corporation (SIPC)???
The Social Security Trust Funds??? Still in the lockbox???
And my favorite: The Pension Benefit Guaranty Corporation ???
If my pension goes south, I might? receive 15 to 20 cents on the dollar.
Most of what we have is in ETFs, bonds and stocks...
The 0bama auto bailout covered the bondholders??? NO!
Some how the uaw was paid first???
Tales From the Crypt
Well, that, and Over $100 billion in reserves.
Now, Credit Unions are another story. Their insurer didn't have enough money to resolve a single credit union in Texas, and it sat in conservatorship for about 4 years until they could slowly melt away the problem a little at a time.
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