Quote:
Originally Posted by JFK
"After the massive bailouts required to save the system following the crash of 2008 banks and regulators worked together to ensure that all deposit accounts in the United States are no longer the property of depositors, but rather, the banks themselves."
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Guess you missed this one. Its old news..... most depositors are now unsecured creditors to a bank (particularly in Europe). It means if the bank fails, they can take your money just like they did in Cyprus. Its happened and is happening all over the world:
How Bank Depositors Have Become Unsecured Creditors