I've been busy but I've seen how the Cypriots were all robbed their money.
I was just browsing this morning and found this.
http://silverdoctors.com/fdic-bank-of-en...btf-banks/
What do you think of it?
Basically it states that (like Cyprus) if a big bank fails, depositors would face confiscation of their money. They would receive in exchange equity shares on the institution.
What do you think of this? I saw this at a site that sells and promotes physical silver. Nonetheless it wouldn't surprise me that what happenned in Cyprus would spread all over the world.
What would you do if it happenned ?
I was just browsing this morning and found this.
http://silverdoctors.com/fdic-bank-of-en...btf-banks/
What do you think of it?
Basically it states that (like Cyprus) if a big bank fails, depositors would face confiscation of their money. They would receive in exchange equity shares on the institution.
Quote:Quote:
The resolution states that while the US would prefer large financial institutions be resolved through ordinary bankruptcy, depositor wealth confiscation will be pursued in the case of a systemically important institution (i.e. BOA, JPMorgan, Goldman Sachs, etc):
As demonstrated by the Title I requirement of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act), the U.S. would prefer that large
financial organizations be resolvable through ordinary bankruptcy. However, the U.S. bankruptcy process may not be able to handle the failure of a systemic financial institution without significant disruption to the financial system.
What do you think of this? I saw this at a site that sells and promotes physical silver. Nonetheless it wouldn't surprise me that what happenned in Cyprus would spread all over the world.
What would you do if it happenned ?