The historic practice of depositors creating a bailment is believed to have been replaced with depositors purchasing equity in the bank and becoming last in line for assets in the event of bankruptcy.

The historic practice of depositors creating a bailment is believed to have been replaced with depositors purchasing equity in the bank and becoming last in line for assets in the event of bankruptcy as was done in Greece.

The simple problem with this is that it is all a lie. The funds borrowed from the banks were based on some kind of mortgage notes. The banks deposited the mortgage notes into bank accounts, and withdrew the same amount in the form of bank checks that they gave to the borrowers. Did you catch that? The banks considered the mortgage notes to be money, and deposited them. Then they withdrew them in a different form to 'loan' to the borrower. Money in; money out. Nothing gained or lost. But the repayment of the non-existent loans over the years has screwed us all. https://duckduckgo.com/?t=ffab&q=Tom+Schauf%2C+bank+freedom&ia=web