Exactly! If the government starts doing things to you there are legal recourses.... | Hacker News

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bombcar on May 1, 2023 | parent | context | favorite | on: JPMorgan Chase Bank Assumes All the Deposits of Fi...

Exactly! If the government starts doing things to you there are legal recourses. If your bank decides you can’t have an account anymore, there’s not much you can do.

hollerith on May 1, 2023 [–]

Because a government would never freeze the funds in your bank account.

Oh wait: that is what Canadian government did to tractor-trailer protesters a few years ago.

JetSpiegel on May 14, 2023 | [–]

They frozen the funds held by private banks. So what's the value-add of banks, again?

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