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To: C210N

So if you have a credit card with a bank that goes under what happen to the debt.


3 posted on 03/11/2023 6:06:51 PM PST by mware ( )
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To: mware

The FDIC, their appointee to manage and the successor bank, makes damn sure you pay it.


4 posted on 03/11/2023 6:08:26 PM PST by KC Burke (Once the architecture for suppression of liberty is in place it is only a matter of time before gove)
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To: mware

“So if you have a credit card with a bank that goes under what happen to the debt.”

Somebody will buy the debt, just like the mortgages.


6 posted on 03/11/2023 6:09:41 PM PST by DEPcom (DC is not my Capitol after Jan 6th lock downs.)
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To: mware

I’ve heard this talked about for the last 2 years.

Mostly associated with a Jubilee!


7 posted on 03/11/2023 6:09:54 PM PST by C210N (Everything will be okay in the end. If it’s not okay, it’s not the end.)
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To: mware

Silly wabbit. The debt is sold and you still pay.


21 posted on 03/11/2023 6:27:58 PM PST by OpusatFR
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To: mware
So if you have a credit card with a bank that goes under what happen to the debt.

They just sell the debt to someone else. Same as with your mortgage. They don't have to make their creditors hole but you sure as hell will have to.

27 posted on 03/11/2023 6:48:31 PM PST by usurper (AI was born with a birth defect.)
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