That’s right. If you’re a poor loser, you might be able to eke out a few hundreds of dollars of bennies a month after a whole lot of humiliation and paperwork.
Then again, if you’re a very well connnected really really rich super loser, and probably a consistent Republican donor, the Federal Reserve and the Son of Resolution Trust Company and the bankruptcy laws will be able to bail you out for huge fees as “retention bonuses” in the re-org as your company goes chapter 11, and you raid your employees’ pension fund, and stick billions of liabilities on the Federal Government PBGC, FDIC. You can hide your prior gains in the corporate veil and in Florida property. You might even invest in the private equity fund which is buying out the corpse of your old company—-minus those pesky liabilities.
It’s really easy—you extort the government by threatening to ruin the lives and life savings of thousands or millions of hapless investors, depositors and employees. Voila, ‘for the sake of the stability of the banking system’, freshly created Federal Funds On Deposit get created by keyboard, with nine zeros on the end.
