US banks shaken by biggest deposit withdrawals since 9/11 | |
Anonymous Coward User ID: 32988428 Germany 01/25/2013 07:43 AM Report Abusive Post Report Copyright Violation | |
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Anonymous Coward User ID: 32538141 United States 01/25/2013 12:09 PM Report Abusive Post Report Copyright Violation | my bank took money out of my account slowly thinking i wouldn't notice it i went to another bank and they seem ok but trust is no longer there so, i keep a very little in account at any time i no longer really trust banks i will not be burned twice |
Saddletramp User ID: 1052341 Puerto Rico 01/25/2013 12:13 PM Report Abusive Post Report Copyright Violation | Now THAT is a fuckin' interesting story... Look blue...a clue! 5* OP... "And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius "Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..." "We don't rent pigs!" |
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Saddletramp User ID: 1052341 Puerto Rico 01/25/2013 12:16 PM Report Abusive Post Report Copyright Violation | SHIN PHIS THIT... "And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius "Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..." "We don't rent pigs!" |
Anonymous Coward User ID: 961432 United States 01/25/2013 12:17 PM Report Abusive Post Report Copyright Violation | ah, but no 9/11 type scenarios? seems like we're looming around a lot of disaster recently What they have been doing for the past 4-5 years is far more destructive than any other disasters you can imagine. You just see the effects, yet. . |
Anonymous Coward User ID: 961432 United States 01/25/2013 12:20 PM Report Abusive Post Report Copyright Violation | ah, but no 9/11 type scenarios? seems like we're looming around a lot of disaster recently What they have been doing for the past 4-5 years is far more destructive than any other disasters you can imagine. You just don't see the effects, yet. . Correction. |
Anonymous Coward User ID: 32962219 United States 01/25/2013 12:23 PM Report Abusive Post Report Copyright Violation | This is a front run excuse for them to print more money because for every dollar withdrawn it lowers their balance sheet reserves buy 30 or more dollars. Fractional Reserve Banking The table below displays the relending model of how loans are funded and how the money supply is affected. It also shows how central bank money is used to create commercial bank money from an initial deposit of $100 of central bank money. In the example, the initial deposit is lent out 10 times with a fractional-reserve rate of 20% to ultimately create $500 of commercial bank money (it is important to note that the 20% reserve rate used here is for ease of illustration, actual reserve requirements are usually a lot lower, for example around 3% in the USA and UK). Each successive bank involved in this process creates new commercial bank money on a diminishing portion of the original deposit of central bank money. This is because banks only lend out a portion of the central bank money deposited, in order to fulfill reserve requirements and to ensure that they always have enough reserves on hand to meet normal transaction demands. [link to en.wikipedia.org (secure)] |
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Anonymous Coward User ID: 32962219 United States 01/25/2013 12:25 PM Report Abusive Post Report Copyright Violation | This is a front run excuse for them to print more money because for every dollar withdrawn it lowers their balance sheet reserves buy 30 or more dollars. Quoting: Anonymous Coward 32962219 Fractional Reserve Banking The table below displays the relending model of how loans are funded and how the money supply is affected. It also shows how central bank money is used to create commercial bank money from an initial deposit of $100 of central bank money. In the example, the initial deposit is lent out 10 times with a fractional-reserve rate of 20% to ultimately create $500 of commercial bank money (it is important to note that the 20% reserve rate used here is for ease of illustration, actual reserve requirements are usually a lot lower, for example around 3% in the USA and UK). Each successive bank involved in this process creates new commercial bank money on a diminishing portion of the original deposit of central bank money. This is because banks only lend out a portion of the central bank money deposited, in order to fulfill reserve requirements and to ensure that they always have enough reserves on hand to meet normal transaction demands. [link to en.wikipedia.org (secure)] By............sorry |
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G3 User ID: 1531577 United States 01/25/2013 12:29 PM Report Abusive Post Report Copyright Violation | :this^^^: It needs a superpin otherwise I would do it myself, but it needs more than a green pin. Last Edited by G3 on 01/25/2013 12:30 PM |
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Anonymous Coward User ID: 961432 United States 01/25/2013 12:32 PM Report Abusive Post Report Copyright Violation | I bet Saddle knows this, but somewhere this past week I read an article about foreign banks lifting restrictions on American deposits, or finally settling on regulations. I bet a large portion of these withdrawals are American depositors shifting their money to foreign bank accounts. . |
Anonymous Coward User ID: 961432 United States 01/25/2013 12:42 PM Report Abusive Post Report Copyright Violation | I bet Saddle knows this, but somewhere this past week I read an article about foreign banks lifting restrictions on American deposits, or finally settling on regulations. I bet a large portion of these withdrawals are American depositors shifting their money to foreign bank accounts. Quoting: Anonymous Coward 961432 . Something to do with the Foreign Account Tax Compliance Act (FATCA)? . |
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GFX guy User ID: 9776422 United States 01/25/2013 01:01 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 32959225 United Kingdom 01/25/2013 01:10 PM Report Abusive Post Report Copyright Violation | I wondered if this had any relevance to this situation, a long shot but i'll throw it out there anyway. Libya denies alleged imminent threat in Benghazi A representative from Libya’s Ministry of Interior of Libya has said talk of an alleged imminent terrorism threat in Benghazi is baseless. Germany, Britain and the Netherlands urged their citizens in Benghazi to leave the area. The high level of threat was connected with the French military operation in the Republic of Mali and follows the deaths of dozens of foreigners taken hostage by Islamist extremists in Algeria, according to Britain's Foreign Office. The warnings also come a day after US Secretary of State Clinton testified about the September terrorist attack in Benghazi that killed four Americans, including their ambassador to Libya. [link to rt.com] |
eos User ID: 29094041 United States 01/25/2013 01:10 PM Report Abusive Post Report Copyright Violation | breath. our contract with life is not about money. we have a bond with nature. celebrate that, not this. next month numbers will tell more. but thanks for the post. respect. --------------------------------eos--------------------------------------- the first will be last, the last first, captivity captive. |
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