People died, businesses failed, information was stolen (including yours). There are plenty of reasons to not be indifferent.
There's a possibility that the money will be returned, however given the political climate in the US, that possibility is not as high as people here wish it was be. If there's some major upheaval there, which most likely will be, they might decide that this money belonged to criminals and should be confiscated by the state.
There are no rules against thatplease don't feed Peter Schiffs conspiracy theory lol
I guess the scale of your possible loss in case of that ticket is out of any comparison to this what we are facing here. I would prefer to stand in your shoes If I could chose.For comparison, it took me 4.5 years to get a refund for a plane ticket bought before the pandemic, so 2 years is nothing...
Can you explain what you are guessing at here ?my personal guess is that 50-60% of the face value will be refunded in USD
Yes, it looks a bit like what gets posted in almost every thread about bank security here on OCT. But a tough and hard way to learn it.The two main lesson from all this are:
1) Having your money in a full reserve bank means nothing, you're just as vulnerable as in any other bank.
2) Banking in Puerto Rico was arguably the biggest mistake of my life.
After 2 years and 2.5 months the Receiver can't even bother to tell us when will we get our money back.
It just shows that bad things can happen in a well regulated environment too.I am looking forward to the day when FDIC insured banks will point to the FED and say: we don't hold any of your cash, the FED does. And the FED didn't fail so no insurance can be applied.
Just like in the Synapse crash: What Happens When Your Bank Isn’t Really a Bank and Your Money Disappears?
What conspiracy theory do I have. All I know is that its a fact that the IRS conspired with the J5 and the OCIF Commissioner to shutdown my bank so they could pretend it was guilty of facilitating tax evasion and money laundering, and take credit for shutting it down. I have the proof from my FOIA request. I sued the IRS to get more evidence they are hiding. The commissioner refused to allow me to liquidate the bank myself, and refused to allow anyone to buy the bank and infuse it with additional capital.please don't feed Peter Schiffs conspiracy theory lol
If any money is lost there should be a class action federal lawsuit against OCIF and the receiver. There was no need for anyone to lose any money. When they took over the bank all the deposits where there. Even the receiver confirmed this. OCIF admitted it. The bank had no debt and only about 5$00K in outstanding invoices, which I had negotiated down to about $300K. There was over two million in excess cash after those bills where paid to make every depositor whole. But the OCIF Commissioner never should have put the bank into receivership. She should have allowed Qenta to buy it and put in the $8 million in capital it had already committed to add as a condition of approval. The only reason she did not to that was she made a deal with the IRS to shut the bank down as a PR stunt for the J5. Shortly after the bank was put into receivership a group of former OCIF executives offered to buy it and fully protect all customers. But the OCIF Commissioner would not even consider the offer, as she made a deal with the IRS to liquidate the bank. The customers where sacrificed.my personal guess is that 50-60% of the face value will be refunded in USD
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