Digital Soldier 🇺🇸 🇦🇺 Twitter: the_exception ~ Gab: the_exception ~ WeGo: the_exception ~ Parler: theexception
I’m willing to bet this goes very bad for the Fed.
Spoiler alert: It’s Myanmar’s money to withdraw, and the money isn’t there.
Watch what happens.
Looks like they don't have the liquidities to give them back their total amount, likely, they used most of Myanmar's cash for their own gain through investements. All the banks do this and by law, they are only obliged to keep a fraction of the money.
They should technically be able to use cash from other clients to pay back Myanmar but their refusal implies that they do not have this option.
This means that, it Myanmar insists, we may have a bank-run incoming at the fed level.
wow.
grr typo... IF Myanmar insists
