"Segregated" or depositor accounts are bank ASSETS. Under Chapter 15, bank or financial institution ASSETS are paid to claimants on those assets in order of claimant priority.
Guess who comes LAST under Chapter 15 law in the order of priority on the assets? Yep, depositors and/or owners of "segregated" accounts.
In other words, banks and financial institutions can gamble on trillions of dollars in futures and derivatives and now, with Chapter 15 bankruptcy law backing them up, they can use deposits and segregated accounts as collateral and face ZERO liability vis-a-vis depositors and individual investors if/when the bank goes into Chapter 15.
Oh and, by the way, your money is gone without recourse.
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