For those that are memory challenged- remember 2010 Dodd Frank Act made deposits property of the BANKS, and the depositors as creditors at the back of the line when the banks go down. Nothing has changed....except now the TBTF (too big to fail) are done !! This is just a reminder----> silverdoctors/fdic-bank-of-england-create-resolution-authority-for-unlimited-cyprus-style-bail-ins-for-tbtf-banks/ Greece here we are.
Posted on: Sat, 25 Jan 2014 19:33:34 +0000