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Underlying banks were insured. The shit show is they lack records showing who owns what money in "communal pools" of money they stored at those FDIC banks. FDI
by delfinom 2y ago
Underlying banks were insured. The shit show is they lack records showing who owns what money in "communal pools" of money they stored at those FDIC banks.
FDIC can't get involved because they can't even tell who rightfully has what money where. Lol
- DANmode 2y ago> FDIC can't get involved Does this condition trigger the DOJ?
- deleted 2y ago[deleted]
- stackskipton 2y agoDOJ might get involved because obviously there is money missing. Question is, was it stolen or just burned by expenses and Synapse was raiding customer funds for day to day operations.
- nytesky 2y agoStolen or burned by expenses — isn’t that the same thing?
- stackskipton 2y agoBurned by expenses might be "Company did something wrong, let's fine the company.... oh wait, they are already bankrupt." Stolen obviously means criminal charges.
- rcxdude 2y agoOr not kept track of by sheer incompetence.