From CGI member Morgan:

************************************

Uh, yes. After all, they technically own it. So why are you still with a bank? Is it that hard to switch to a credit union?

https://www.zerohedge.com/news/2019-08-07/will-they-take-all-your-money

SNIP:

Most people assume that, if they have money on deposit in a bank, they own that money. That’s not necessarily the case. Decades ago, some of the world’s most powerful countries began to pass legislation that, if you deposit money in the bank, it becomes the property of the bank. In those countries, if you open a bank account and make a deposit, you sign off legal title to that cash. It becomes an asset of the bank.

(And the u.s. is one o' dem dar countries.)

SON OF SNIP:

A law was passed in 2010 that allowed any bank, if it declared a bank emergency, to confiscate deposits in such a way that the liability could be diminished or eliminated by the bank unilaterally. In effect: a license to steal.