I stated I understand what is supposed to happen. I then clearly stated I do not trust them to forfeiture the lost investments.
That is the entirety of it.
Do you trust the government under Biden to not bail out a bank mostly dedicated to his big tech and healthcare buddies? It is that simple.
Like I mentioned the CEO literally sold off over 3.5 mil in stocks the two weeks leading up to this, people knew this was going to happen.
I have seen the FDIC work, up close and personal.
Bank A closes on Friday as A; they open as Bank B on Monday. The assets are being sold this weekend, or they will be assigned.
This is not your basic corner bank. It’s not the kind of place you take your 12 year old to open their first checking account.