Post APpuwIsUzr8aggjgQK by Debradelai@social.quodverum.com
 (DIR) More posts by Debradelai@social.quodverum.com
 (DIR) Post #APpuwIsUzr8aggjgQK by Debradelai@social.quodverum.com
       2022-11-21T18:13:34Z
       
       0 likes, 0 repeats
       
       @WhirledPeas This is as stupid as suggesting that bank deposits are really the property of banks.What is this shit, a Wikipedia "article"?
       
 (DIR) Post #APq1EGU1ErhUCJEX0y by WhirledPeas@social.quodverum.com
       2022-11-21T19:24:02Z
       
       0 likes, 1 repeats
       
       @Debradelai I don't think it's stupid - it's just one of those weird aspects of how the system works. There's a logical, rational reason for it, too - just interesting, Saul, that's all.They work with the DTCC - Depository Trust Company
       
 (DIR) Post #APq5i6juQhnaTx9SLo by Debradelai@social.quodverum.com
       2022-11-21T20:14:16Z
       
       0 likes, 0 repeats
       
       @WhirledPeas Oh, I know how it works. Forward and backwards.To say that if I'm having YOUR property in trust I am really the proprietor is just fucking nonsense.
       
 (DIR) Post #APq9JPezLVJrjyKWLg by WhirledPeas@social.quodverum.com
       2022-11-21T20:54:37Z
       
       0 likes, 0 repeats
       
       @Debradelai Yeah, well... that's why we have the FDIC, SEC, and so onSo when people who think they own something get ripped off, their claims get settled.High trust society - when the bank takes YOUR deposit, loans it out foolishly, that's not your loan but they do owe you for the money you "loaned" them
       
 (DIR) Post #APq9oAHAasNB0KqvTs by Debradelai@social.quodverum.com
       2022-11-21T21:00:10Z
       
       0 likes, 0 repeats
       
       @WhirledPeas Their claims get settled because they own that something, irrespective of their thoughts.Well have to disagree on the premise. It's balderdash.
       
 (DIR) Post #APqAnDhGUPE9HLAi92 by WhirledPeas@social.quodverum.com
       2022-11-21T21:11:12Z
       
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       @Debradelai Agree to disagree, fine with thatI'm interested to see what happens when CalPERS and other blue state pension funds start going bellyup next year. And after reviewing the SF city/county budget - holy shit, their goose is cooked! All their assumptions are out in orbit somewhere beyond Jupiter. Looks like a bunch of dominoes set up to me. Illiquidity and insolvency.
       
 (DIR) Post #APqGcpCzHUa09tR6cy by Debradelai@social.quodverum.com
       2022-11-21T22:16:33Z
       
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       @WhirledPeas It's been the case for over a decade.But they're not going belly up yet.They can always shave payments, sink another few billion to keep them solvent for another year...Perhaps Obamacare will solve their problems.
       
 (DIR) Post #APr3XPoDBUY7gmtiMq by bwa_aptos@social.quodverum.com
       2022-11-22T07:24:38Z
       
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       @WhirledPeas Qbits strikes again