When the system finally crashes, Barack Obama signed legislation in 2010 allowing the banks to take in your deposits to make themselves whole Read that again “In 2010, the United States passed the Dodd Frank Wall Street Reform and Consumer Protection Act. I've just got to pause. The Wall Street Reform, the Consumer Protection Act, you gotta love those titles. Right…. In this law, they clearly outline how failing financial institutions, AKA your bank, are legally allowed to bail you in, to take your deposits to make themselves whole if their failure represents a systemic threat to the system. So if the house of cards collapses again, and this time, the lender of last resort the Federal Reserve can't intervene, well, we know exactly what they're gonna do. While it hasn't happened yet in the United States, we can look at what's happened in other countries to understand”

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