That contradicts statements on https://arstechnica.com/tech-policy/2024/08/ex-bank-ceo-gets-24-years-after-falling-for-crypto-scam-causing-bank-collapse/

Victims may never fully recover losses, DOJ says

In the community, people are still struggling to recover, Mitchell told NBC News, noting that some people lost up to 80 percent of their retirement savings. For at least one woman, retirement is impossible now, Mitchell said, and for another local woman, it has become difficult to pay for her 93-year-old mother’s nursing home.

US Attorney Kate E. Brubacher said that it’s hard to say when or if victims will be made whole again.

But it seems like they didn’t let it fail completely and transferred all assets and most liabilities to Dream First Bank? That would be nice for the granny with more than 250K in the account.

Plenty of people lost most of their retirement savings - FDIC only goes up to 250k which isn’t enough for super frugal FIRE. And definitely not enough when you get old and medical bills are crazy high in Murica.

Chosing to eat chicken instead of beef impacts the whole chain from fertilizer to animal feed to clearing the Amazon for pasture to methane produced by cows.

You have more choice than you think, like which meat to pick or to use more eggs and cheese as replacement instead. This is just one of the obvious everyday choices. Not all fish is equal too, with sustainable aquaculture being the best choice for the world.

If the oil majors, or just one of them switch off the taps tomorrow we will just get Russian gas crisis x10 and make OPEC and friends insanely rich. We need to transition to something else, that’s for sure, but blaming them for everything is super naive.