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Non-Cattle Specific Topics
Every Thing Else Board
Bank Closing - What to do?
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<blockquote data-quote="HerefordSire" data-source="post: 674713" data-attributes="member: 4437"><p><em>I am not sure that is true B. Any entity can choose to go bankrupt any time the entity wishes, including governments. It is theoretically possible, for example, to secretly transfer a sum of wealth to a new entity prior to official insolvency, and then have the new entity resume control. Could be a way to remove all debts if you don't get caught like Bernie did. How long did he deceive the SEC? 30 years? The only way I know this could be done is through natural resources, such as gold, silver, oil, etc. OR knowledge because the old currency could be worthless similar to Zimbabwee.</em></p></blockquote><p></p>
[QUOTE="HerefordSire, post: 674713, member: 4437"] [i]I am not sure that is true B. Any entity can choose to go bankrupt any time the entity wishes, including governments. It is theoretically possible, for example, to secretly transfer a sum of wealth to a new entity prior to official insolvency, and then have the new entity resume control. Could be a way to remove all debts if you don't get caught like Bernie did. How long did he deceive the SEC? 30 years? The only way I know this could be done is through natural resources, such as gold, silver, oil, etc. OR knowledge because the old currency could be worthless similar to Zimbabwee.[/i] [/QUOTE]
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Bank Closing - What to do?
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