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Economy

rampartd

(3,665 posts)

8. right. dodd frank. my savings account is now an unsecured credit or something

Reply to ChicagoTeamster (Reply #7)

Mon Dec 29, 2025, 11:44 AM

2 hrs ago

dodd frank allows the "bail ins" for accounts over the fdic limit (used to be 100k) but if no fdic no limit.

these "unintended consequences" seem to be rattling off pretty efficiently these days

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Highlight:

Bank of America CEO says "the market will punish people if we don't have an independent Fed" - Face the Nation [View all] Rhiannon12866 8 hrs ago OP

the market should punish people for fraud and incompetence rampartd 7 hrs ago #1

wages growing? rampartd 7 hrs ago #2

I know, blue-wave 5 hrs ago #3

"The market" doesn't exist lonely bird 4 hrs ago #4

These Finance Sociopaths want to steal depositor money and get a bailout with no consequences. ChicagoTeamster 4 hrs ago #5

the 2009 reforms allow the banks to "bail in" from their depositors rampartd 4 hrs ago #6

That's what I was referring to. I think it was Dodd-Frank that reclassified depositors as shareholders. ChicagoTeamster 3 hrs ago #7

right. dodd frank. my savings account is now an unsecured credit or something rampartd 2 hrs ago #8