Entry Submitted by Danlboon at 8:04 AM ET on January 7, 2023 As of January 1, 2023 all banks, credit unions and financial institutions must be Basil IV Compliant as they are to be asset backed with their own purchased assets and not claim what you have to be theirs. In the past they have used your own money from your Treasury Direct Account to loan you to receive a mortgage to pay the seller and then charge you interest on those funds, but they just had the numbers be posted as their own assets, but they were just numbers…
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