Editorials & Other Articles

fasttense

(17,301 posts)

7. Did you know that currently US banks can take your deposits.

Sat Mar 23, 2013, 08:30 AM

Mar 2013

Yes, right now, if the banks think they need your deposited money they can close your account and take all your money. That''s what they did during the 1st Great Depression and despite having FDIC, the banks can still shut down and take all the money you have deposited.

In Cyprus they have a similar FDIC program and it did not protect them.

How long before our banksters simply reach into our accounts and just take what the want most in life - our money?

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From Detroit to Cyprus, Banksters in Search of Prey [View all] xchrom Mar 2013 OP

Are you people aware that Kurovski Mar 2013 #1

... xchrom Mar 2013 #2

oh gosh. Kurovski Mar 2013 #3

Second That! Demeter Mar 2013 #15

Always with the worthwhile links. Kurovski Mar 2013 #16

Yep, the Crisis of Capitalism. bemildred Mar 2013 #4

Fucking vultures. They all should be in prison labour gangs, rebuilding by hand what they helped to idwiyo Mar 2013 #5

Deposits under $100,000 are protected. Those above that amount are taxed. pampango Mar 2013 #6

Did you know that currently US banks can take your deposits. fasttense Mar 2013 #7

If you follow the links in the story, you'll see that the US gov't has been considering Flatulo Mar 2013 #8

k/r marmar Mar 2013 #9

Another case of banks getting caught up in Greek bond market derivatives and getting Flatulo Mar 2013 #10

DU Rec Tuesday Afternoon Mar 2013 #11

A worker's revolution........ socialist_n_TN Mar 2013 #12

Great post cbrer Mar 2013 #13

Just came on to see if this had been posted.....it deserves more notice than it's gotten tpsbmam Mar 2013 #14