Mt. Denali, Alaska

Thursday, May 22, 2025

 Bail-Ins

Did you know that the banks* have enabled themselves to 'Bail-In' to empty your account instead of or in addition to the usual bailout? They assert that your money was loaned to them, NOT entrusted to them for safekeeping. 

That makes your account an Account Payable, a simple debt which in bankruptcy may be dissolved.

*and possibly the credit unions too for all I know. 

No comments: