Of course you're right that they are very different. But "at it's heart" all money is imagined. Dollars are simply backed by all the most powerful institutions

Of course you're right that they are very different. But "at it's heart" all money is imagined. Dollars are simply backed by all the most powerful institutions on the planet. The reason I asked is because it seems to me that people are clutching their pearls and saying this is stealing. But as I see it, the difference between FTX and Chase Bank are that Chase has a lot of rules and regulations, and a good insurance policy. But "at it's heart" SFB is no different than Jamie Dimon. The ethics of what SFB did and what American banks would like to do is exactly the same.