this post was submitted on 27 May 2026
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A bank that's subject to government regulation isn't going to do that unless "you" have billions in assets to justify that kind of sale.
And surely you report that sale on your taxes and pay the relevant taxes, right?
Except you, once you've paid your taxes.
Ok, so "you" missed the payment. Now what? You think "you" can walk away cleanly? Declaring bankruptcy to wipe your debt is only something that's available if the government provides that kind of mechanism, and generally that's only available to people who have otherwise followed all the rules, which wouldn't include buying a ten billion dollar bank when they had no assets.
The only way this scenario works is if you ignore all the laws. But, if you're ignoring the laws, why not just make it simpler and simply steal the bank's assets?
Sweet of you to think that people this rich typically pay their taxes.
Geesh, your point made me think that it wasn’t an actual career path