the money in the bank is not yours anymore

US bank depositors set up for the slaughter

SENTINEL IS NOT A BANK
Tis a hegefund silly...
in the investment world this is called "having made a bad investment", yes if you give money to a hedgefund you will get in line with every other suitor...live by the sword, die by the sword...good luck


They have already set legal precedence here in the U.S. with the Sentinel case, haven't they??
Effectively turning all depositors into shareholders in the institutions where they deposit their money.

According to a federal appeals court ruling, Thursday, Bank of New York Mellon’s secured loan will be put ahead of customer segregated accounts held by Sentinel—a landmark ruling that turns individual segregated accounts into the property of a third party under circumstances of duress. In other words, if a financial institution fails, clients, depositors and pension funds may not get some or all of their money back in a bankruptcy.

In essence, under the ruling, Securities Investor Protection Corporation (SPIC), Federal Deposit Insurance Corporation (FDIC) and other insurance programs no longer will/can protect customer funds, leaving millions of investors, depositors and retirees unaware that they are no longer account holders of their own funds, per se, but, instead, have suddenly become stockholders of the institution with which they have deposited their money


More:
[link to www.beaconequity.com]

US bank depositors set up for the slaughter

They have already set legal precedence here in the U.S. with the Sentinel case, haven't they?? Effectively turning all depositors into shareholders in the institutions where they deposit their money.

US bank depositors set up for the slaughter




They have already set legal precedence here in the U.S. with the Sentinel case, haven't they??
Effectively turning all depositors into shareholders in the institutions where they deposit their money.

According to a federal appeals court ruling, Thursday, Bank of New York Mellon’s secured loan will be put ahead of customer segregated accounts held by Sentinel—a landmark ruling that turns individual segregated accounts into the property of a third party under circumstances of duress. In other words, if a financial institution fails, clients, depositors and pension funds may not get some or all of their money back in a bankruptcy.

In essence, under the ruling, Securities Investor Protection Corporation (SPIC), Federal Deposit Insurance Corporation (FDIC) and other insurance programs no longer will/can protect customer funds, leaving millions of investors, depositors and retirees unaware that they are no longer account holders of their own funds, per se, but, instead, have suddenly become stockholders of the institution with which they have deposited their money


More:
[link to www.beaconequity.com]

You elected people that will kill you. You chose your own death.. Isn't that funny and ironic? :D

Capitalism biggest scam factory ever.

Don't sweat it. Live off the land. No big. Nature is free.

The government owns the land!! Do you really think you own anything?

Simple solution....Don't keep money in the bank.

Reminds me of the billions of tax payers dollars spent to bail out AIG global insurance company, because it was "too big to fail" and then sixth months later obama brain stormed mandatory health insurance! SO chicago style i swear!

Im old school Italian sorry for the pessimistic attitude, but i think we all know mafia style politics when we see it?

What are the alternatives?

Don't sweat it. Live off the land. No big. Nature is free.

The YHWH Gives The YHWH takes away.... Praise Be To The name of the Lord.

US bank depositors set up for the slaughter




They have already set legal precedence here in the U.S. with the Sentinel case, haven't they??
Effectively turning all depositors into shareholders in the institutions where they deposit their money.

According to a federal appeals court ruling, Thursday, Bank of New York Mellon’s secured loan will be put ahead of customer segregated accounts held by Sentinel—a landmark ruling that turns individual segregated accounts into the property of a third party under circumstances of duress. In other words, if a financial institution fails, clients, depositors and pension funds may not get some or all of their money back in a bankruptcy.

In essence, under the ruling, Securities Investor Protection Corporation (SPIC), Federal Deposit Insurance Corporation (FDIC) and other insurance programs no longer will/can protect customer funds, leaving millions of investors, depositors and retirees unaware that they are no longer account holders of their own funds, per se, but, instead, have suddenly become stockholders of the institution with which they have deposited their money


More:
[link to www.beaconequity.com]

whot money?

been to the bank lately?

the new 20$ bills have oboama's face on them.

Well now wat do we do about it? :<

US bank depositors set up for the slaughter




They have already set legal precedence here in the U.S. with the Sentinel case, haven't they??
Effectively turning all depositors into shareholders in the institutions where they deposit their money.

According to a federal appeals court ruling, Thursday, Bank of New York Mellon’s secured loan will be put ahead of customer segregated accounts held by Sentinel—a landmark ruling that turns individual segregated accounts into the property of a third party under circumstances of duress. In other words, if a financial institution fails, clients, depositors and pension funds may not get some or all of their money back in a bankruptcy.

In essence, under the ruling, Securities Investor Protection Corporation (SPIC), Federal Deposit Insurance Corporation (FDIC) and other insurance programs no longer will/can protect customer funds, leaving millions of investors, depositors and retirees unaware that they are no longer account holders of their own funds, per se, but, instead, have suddenly become stockholders of the institution with which they have deposited their money


More:
[link to www.beaconequity.com]