Banking Exec Spills the Beans on Wells Fargo Bank. Oops.

With Basel III laws getting implemented, all banks that are involved in fractional reserve banking are probably going to collapse. Along with the real estate market. — Ken H (@XRPKenny2828) February 17, 2024 Remember about a year ago when Wells Fargo Bank got hit with a 2.1 billion dollar fine for a HUGE number of …

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‘Oops’: What FTX staff wrote on spreadsheet showing $20billion in losses as co-founder Gary Wang testifies at Sam Bankman-Fried trial the company had been stealing its customers’ money for three years before it collapsed

FTX staff wrote ‘oops’ on a spreadsheet which showed it owed $20billion five months before it collapsed. A court in New York heard that Sam Bankman-Fried, the boss of the failed crypto exchange, ordered his staff to prepare the document in July 2022 as investors demanded their money back. Crypto prices had tumbled and the …

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