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Why Americans Are Dumb | January 1, 2014 All Americans Will Bail Out The Banks
Sunday, January 26, 2014 8:13
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Why Americans Are Dumb
Will Bail Out The Banks
Under the Dodd Frank bill all currency placed into a American bank
account is no longer secure after January 1, 2014.
That includes Federal credit unions.
Frank Dodd bill declares bank depositors you and me as unsecured creditor’s of the bank.
This is how bail ins will take place in America.
Depositors are no longer depositors.
Bank’s now own your deposit by law.
If a bank has any financial problems they can now take your money
as written under Frank Dodd.
Be prepared to have your money confiscated if any bank finds itself
in trouble by bad loans because you - the depositor - will make up
the banks loss through your bank account.
Bail-ins for banks legal in America January 1, 2014.
Now we know why Frank left politics.
Source: http://nesaranews.blogspot.com/2014/01/why-americans-are-dumb-january-1-2014.html
I really don’t see a problem. In 2008-09, everyone was caught off guard and it was confusing times. If it happens again, everyone will know it’s their local bank stealing from their account. We all go to our bank and invite the branch manager out for “a beer” (like Obama does) and have a “come to GOD meeting.” Trust me, things will work out. I promise.