Karl Frederick
06-22-2015, 04:17 PM
In a nutshell, the author says that the largest banks are planning to have the option to seize deposits in case of a bank run. In that event, FDIC may save many individuals, but it won't save local municipalities and other, larger depositors with over $100K at risk.
If true, I'd watch for this issue to become a political item as congress is asked to approve the plan . . .
https://www.occupy.com/article/when-too-big-fail-fails-scheme-seize-depositors-money
If true, I'd watch for this issue to become a political item as congress is asked to approve the plan . . .
https://www.occupy.com/article/when-too-big-fail-fails-scheme-seize-depositors-money