Comment by ryanjshaw
3 hours ago
> bannable by a central institution with lower legal oversight than the Fed
It’s way easier to take a company to court than any government entity.
3 hours ago
> bannable by a central institution with lower legal oversight than the Fed
It’s way easier to take a company to court than any government entity.
But the company can just turn around and say, soz we don’t have your deposit. We invested it in Labubu dolls and they crashed in values. Also we lost them. Next time, DYOR.
If a bank collapses, you get your money back from the Fed, no questions asked.