And a cogent reply from Caitlin Long:
WOW. If true, it shows again that insolvent financial institutions can stay in biz a long time--until they become illiquid. This is why #proofofkeys is V impt for #crypto & why #Wyoming's law (where #rehypothecation a felony) is also V impt to ensuring solvent #crypto custodians
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Let's face it our most prominent banks are likely bancrupt if all lie-abilities ever get uncovered. Some example:
Cum-Ex and "Klynveld Peat Marwick Goerdeler" who've
known since 2010 which speaks jailtime to me but of course the big fishies getting filleted ... smallish chance for that. KPMG even dared to ask the EU for tax returns when filing for a bancrupty case in their receivership.