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A bit of a technical point - in the US banks cannot go into bankruptcy.
by alex_young 4y ago
A bit of a technical point - in the US banks cannot go into bankruptcy.
- digitaltrees 4y agoThe correct term is receivership but that is confusing for most people and the general principle is the same. When you go bust, the court/trustee/receiver combs through transactions and claws back assets as part of gathering/selling all assets to pay creditors
- CPLX 4y agoIs there any evidence at all this is true for people who are not insiders withdrawing their own money from an account at a federally regulated bank? I’ve never heard of anything even remotely like this happening. Can you provide even one example?