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A comment on Stripe can make automatic LLCs but a wire transfer from Citi nearly ended me. Parent comment

Re:Stripe can make automatic LLCs but a wire transfer from C... by pjc50 on Wednesday January 15, 2020 @11:12AM (#22055451)
That pre-war environment is a very different world from the financial crisis of 2008 and the Northern Rock event. Or Iceland. In the end the UK central government had to bail out local governments with uninsured deposits in the Icelandic banks: https://www.independent.co.uk/news/business/news/uk-councils...
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Re:Stripe can make automatic LLCs but a wire transfer from C... by eru on Thursday January 16, 2020 @04:49AM (#22063040)
They didn't have to. Especially if they set a few precedences of NOT bailing out.

If you want government guarantee, you can already invest in government debt.

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