3 ms·

Is’t what happened in 1929 in the us ? https://www.federalreservehistory.org/essays/emergency-banking-act-of-1933 https://www.federalreservehistory.org/essays/

• JumpCrisscross 4y ago
  > Title 2 above seems to describe a government appointed regulator in case of failure Receivership is different from nationalisation. It’s aimed at winding down or disposing of the asset on a short timeline. For comparison, we’re FTX in receivership, its assets would be controlled by a third party whose job would be to protect it for users’ benefit.