5 ms·
> A) non-Americans should never bank directly in the US given the option of the Cayman Islands because the US not a competitive jurisdiction It's pretty compet
by HWR_14 3y ago
> A) non-Americans should never bank directly in the US given the option of the Cayman Islands because the US not a competitive jurisdiction
It's pretty competitive when your couterparty goes bankrupt. If you opt out of US protections, congrats, you've opted out of US protections.
- yieldcrv 3y agoSo the FDIC shouldn’t have made it riskier than it was then They opted out of US protection and got US receivership of the worst kind