RE: How the Bank(sters) Plan to Steal Money from Your Bank Account

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How the Bank(sters) Plan to Steal Money from Your Bank Account

in life •  7 years ago 

Most people will read but still will not believe. They will say but the fdic protects my account up to a specified level. Can't remember what the level is right now. They don't understand the fdic does not have enough funds when it all crashes. Wake up!

life
7 years ago by

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      ·  7 years ago 

    gem777,

    Exactly. You are right on. The FDIC insures up to $250,000. However, newer laws make derivatives top priority leaving nothing left for the depositor. The new laws make us unsecured creditors. With the new bail-in laws, the banks can take our money to cure their default then issue us worthless bank stock in place of the money they stole from us.

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