Remnant neonphage Privatized Corruption

Privatized Corruption

Financial Event

2037CE
2042CE

In order to cut costs, House made the decision to Privatize several banks, and multiple corrupt firms and banks began to flourish, especially as Loan Laws weakened and protections waned further and further as a form of bride to the corrupt forces in the Country. Average Citizens more regularly find themselves at the mercy of these Banks. The National Banks were not even safe, as Employees who displease their corporate masters can merely request the Government to close a Bank account. This gives Corporations an obscene level of control that is illegal but the Country is so far gone, that barely anyone can put up a fight at this point. This begins creating a desperate Financial Situation for many people who get shafted by the Corpos and forced to live in the slums and considering that the FFA Act made Wealth Based Vote Value a thing, it was another way for House to quietly eviscerate his enemies for he could do the same to any of the corporations at any point he chooses.


Related timelines & articles
Neonphage History (2036 - 2079)