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k98killer
Neil McCoy-Ward
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Comments by "k98killer" (@k98killer) on "MONEY In The Bank? Watch THIS!" video.
If you count the flags, there are 13: 10 countries, 3 institutions.
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Depositors in credit unions can't be bailed-in because a deposit is classed as equity rather than liability. Instead, the credit union fails, depositors get bailed out by the NCUA up to the FDIC maximum, and remaining assets less liabilities are distributed to remaining equity holders (i.e. the seven natural persons who started the credit union and any shares not bailed out by the NCUA).
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@artspark7697 Tried responding, but it looks like it was censored because I included the link to the NCUA government website. Weird. But I'm pretty sure based upon my yet incomplete reading of the law. The equity structure is explained in the first few paragraphs of the law they cite.
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