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| 08:06 PM | ||
| Users Online Now: 2,314 (Who's On?) | Visitors Today: 1,891,394 | |
| Pageviews Today: 2,620,349 | Threads Today: 638 | Posts Today: 12,202 |
| 08:06 PM | ||
Wholesale Changes In Banking On Our Doorstep: Are You A Depositor, Or Are You An Investor?!?!? | |
| Anonymous Coward User ID: 25867801  United States03/20/2013 11:01 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 36450732 United States03/20/2013 12:21 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 13926736 United States03/20/2013 01:27 PM Report Abusive Post Report Copyright Violation | At this afternoon’s FOMC Press Conference in response to a question posed as to whether the Fed would ever impose depositor haircuts as was attempted this week in Cyprus, Fed Chairman Ben Bernanke confirmed that Cyprus style depositor haircut wealth confiscation is possible here in the US if the Cyprus event or another event in Europe were to become contagious and the people lose confidence in the US dollar. |
| Anonymous Coward User ID: 1478627  United Kingdom03/20/2013 01:32 PM Report Abusive Post Report Copyright Violation | |
Ralph--a house dog  User ID: 25802009 United States03/20/2013 01:33 PM Report Abusive Post Report Copyright Violation | The Nationals & Multi-Nationals are now SO BIG, they are in an entirely different classification of Financial Institution...they are essentially treated like they are part of the government. Quoting: Saddletramp For sure, people say the government should do something! Well I agree the first thing the government should do is allow the TBTF banks to fail, liquidate their mal-invested debt and break them all up, making any real assets they might have available to smaller banks. Break em up. . Exactly. They are NOT "too big to fail". They are TOO LARGE TO LIVE. "Do Not Go Gentle into that Good Night.....Rage, rage against the dying of the light"-----Dylan Thomas HIS NAME IS SETH RICH [link to biblicalselfdefense.com] [link to forum.1111ers.blog] Always remember that "for the greater good" will not include YOU. "Who decides?" ---Robert A. Heinlein -'Whoever would overthrow the liberty of a nation must begin by subduing the freeness of speech.'—Benjamin Franklin [link to www.westcoasttruth.com] The only thing worth paying full retail for is pantyhose. You cannot do all of the good the world needs, but the world needs all of the good you can do. |
| Anonymous Coward User ID: 36470554 United States03/20/2013 01:42 PM Report Abusive Post Report Copyright Violation | |
| Desert Fox User ID: 36557396 United States03/20/2013 01:50 PM Report Abusive Post Report Copyright Violation | |
| Alexander User ID: 15635858 United States03/20/2013 01:55 PM  Report Abusive Post Report Copyright Violation | Personally, I think it's safer keeping money in a credit union. The truth is incontrovertible. Malice may attack it, ignorance may deride it, but in the end, there it is. Winston Churchill Daily Updates Thread: ASS IS IN THE WRINGER - Rolling Updates from 11/16/20 to present (Page 316) |
| Mister1k User ID: 36479328  Canada03/20/2013 01:56 PM Report Abusive Post Report Copyright Violation | I don't know if I can be a depositor or a investor. I'm an over drafter, Does that count? My bank account says something like -324.23 I guess that's something. But I always thought Zero was nothing. But apparently I have something that is less than nothing. And is worth something. Those bankensteiners!!!  I am so glad they came up with those rules. Who would have thought you could invent something outta nothing. IS that a Deriv, what's that world, oh yeah Derivative!!! Last Edited by Mister1k on 03/20/2013 01:57 PM Fail to Plan! Plan to Fail! |
| Fishy User ID: 23648161 United States03/20/2013 02:05 PM Report Abusive Post Report Copyright Violation | The bottom line is this, when they repealed Glass-Steagall they removed your classification as a "Depositor"...you are now an Investor, it's just that no one bothered to tell you... Quoting: Saddletramp And, as an investor, you are getting an absolutely shit return on your money! Yep, the repeal of Glass-Steagall allowed all of the bankers to rip us off!!! It's fucking criminal! I'm not saying the crash would have been prevented without the repeal, but it certainly would have been more difficult to steal our money and put us into financial free fall. |
| beeches User ID: 28167778 United States03/20/2013 02:22 PM  Report Abusive Post Report Copyright Violation | Very funny. And true. 30 years ago we were driving through a small town in the state of Pennsylvania, when I saw a neon cross with the words "Jesus saves". Because it was a storefront, to me as a kid it was clearly the bank where Jesus made deposits! It took me years to figure out it was a church. Liberalism is totalitarianism with a human face – Thomas Sowell |
| Epic Beard Guy User ID: 24840423 United States03/20/2013 02:25 PM Report Abusive Post Report Copyright Violation | As soon as my bank says that I am an investor, all my money comes out! If it is not protected by deposit insurance, it wont be there. Hope for the best, but prepare for the worst. "America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards." -- Claire Wolfe |
| Anonymous Coward User ID: 36557723 United States03/20/2013 03:35 PM Report Abusive Post Report Copyright Violation | Really...how did that work out for those "investors" in MF Global?!?!? And you don't have SIPC on your account/investment at the bank, you have FDIC, which does not protect investors! That's funny c n I'm in a credit union so technically I'm an invested but my money is protected by the fdic You most certainly are not. FDIC does not have enough money to protect depositors... FDIC is the same "insurer" for the big banks. No money there.....definitely not nearly enough. |
| Anonymous Coward User ID: 36557723 United States03/20/2013 03:36 PM Report Abusive Post Report Copyright Violation | |
| Saddletramp (OP) User ID: 1052341  Puerto Rico03/20/2013 03:37 PM Report Abusive Post Report Copyright Violation | As soon as my bank says that I am an investor, all my money comes out! If it is not protected by deposit insurance, it wont be there. Quoting: Epic Beard Guy Well they didn't bother to tell the people in Cyprus that their "Deposit" Insurance was worthless until the closed the banks down in an attempt to force them to provide the banks a capital infusion. I don't think they were about to credit them back money they stole from their accounts as "insurance"... "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!" |
