“…Dodd-Frank legislation transforms depositors into ‘unsecured creditors.’ She emphasized that the laws enable financial institutions to easily convert deposits into equity.”

Soooo, banks are like FTX, but it’s “legal.” Imagine Cyprus circa 2013.

https://news.bitcoin.com/analyst-warns-of-banks-authority-to-confiscate-funds-decline-of-us-dollar-purchasing-power/