Banks have become Fed backed, slush funds for the politically connected and the Woke. Pray they all crash. We’ll pick up the pieces, and rebuild the right way.
While the media tried to tamp down concerns, the FRB ‘non scandal’ raised all the red flags for the rest of us.
The rich & feds are circling the wagons; the rest of us are in deep trouble.
They should have confiscated and auctioned off all of the bank execs property - physical as well as investments and savings. Once the last hammer dropped each exec would get 1 year’s average US worker wages from the auctions. The remainder would be divided up among the depositors.
“Since when has it become law that banks cannot go bankrupt?”
Since the banks bought all the politicians.