Vacuo Financial Crisis

Financial Event

The Vacuo National Bank defaults on bad loans and experiences a financial crash, breaking the already fragile financial infrastructure in Vacuo with the SDC Reaping Billions in profits from Vacuo. The money transfer was prevented however by supposed White Fang Insurgents but the SDC blames Whitecliffe Special Operatives.   The money was cycled back to the Kingdom but through desperation and corruption, very little of it reached the citizenry, destroying any level of stability left in the country. Whitecliffe-based charities try to keep Vacuo afloat but the damage is already done.   Vale attempts to bail out Vacuo but the Council vetoes Ozpin's measures thus Vale leaves Vacuo to die a slow painful death.