I was just on a job last week where I met an engineer from the Mid East who went through the Cypress mess. He had 330,000 € (about $500,000 at the time) go “poof!” and lost it all. Just savings.
Two things surprised me, a) that foreign born professionals save a lot more than us (of course most I meet are pretty mobile, so they probably don’t have it locked up in a mortgage) and b) they didn’t leave a trail of dead bodies when a significant fraction of their life toils was converted to crap. Granted, they don’t have easy recourse to Rule 308 in many of those areas...
precisely why the rule 308 is being attacked here