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if that were to happen it would be a "to big to fail" event. the gov would bail everyone out and mandate a reset to what ever it was believed to be before. bank
by smegger001 5y ago
if that were to happen it would be a "to big to fail" event. the gov would bail everyone out and mandate a reset to what ever it was believed to be before. bank accounts, retirement accounts etc would be reimbursed up to the FDIC limit. credit reports would be rolled back to the last known good value. it would probably fuck things up short term but long term it would lead to better security of consumer data
- throwawaygh 5y agoCompleted agreed. But the short term fall-out would be incredible, and I think the backlash against tech unprofessionalism would be merciless.