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Joe in Missouri's avatar

The crux of this crime here is that there was no consent given.

People were deceived into thinking that banks actually protected their money, that it was insured properly etc.

The truth is, that banks have deceptively used the money that the courts say is not even your money, once it is in the bank, to make wildly speculative "investments".

When we don't prosecute criminals we have crimes.

And we almost never prosecute white collar financial crime.

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Tom Chechatka's avatar

At this point the Fed should be pressured to intervene when there's a "safe harbor" stampede for collateral and then let the matter play out in court all the way up to the Supremes. Isn't it time for the Federalist Society to decide whose side they're on? As the Fed most recently demonstrated in 2019 the repo market can be stabilized. Let the OTC derivatives junkies twist in the wind. That's a better solution than anything North Dakota can deliver.

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