The FDIC and the Cooperative Banks

There are 11 banks that work together. This loan is extended via the bank of San Francisco, and they are the main bank responsible for this advance. But ultimately, it's all 11 banks that have to deal with this. So if they can't recoup their losses, ultimately, all 11 of these cooperative banks have to foot that bill. They say that has never ever had to happen. I find the whole network to be easily captured regularly and to be very opaque despite the fact that we have these these SEC filings and these other these other things. Like the idea that I just need to buy some stock as a bank or a credit union to get extended in advance feels like money laundering.