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03:51 AM
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Subject
BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!
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[quote:Anonymous Coward 36557723:MV8yMTc0NzM4XzM2NzcyNDY0XzYxOTcxMDgy] [quote:Anonymous Coward 35676919:MV8yMTc0NzM4XzM2NzcyMDAzX0FFQTA4QTdC] I work for a small community bank that has been nearly unaffected by the financial crisis, mainly because we've been conservative and haven't made risky loans like the big guys. This is where you should move your money if you want to keep it, smaller banks where management actually lives in the real world. [/quote] [color=darkblue][/color] Government still has access to our bank accounts in small banks or credit unions. If rulers of obamacare or any other govt. employees want to siphon off bank accounts, they will [/quote]
Original Message
At 3:18 PM EST Bernanke was whether a seizure of deposits could happen to US depositors as in Cyprus, if the economy gets worse?
Beranke’s translated response:
Only if the Cyprus event or another event in Europe were to become contagious and the people lose confidence in the US dollar
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