It is not inconceivable that the US does what Cyprus did. That - TopicsExpress

It is not inconceivable that the US does what Cyprus did. That is to compel a haircut on all bank deposits of, say, 30-40%. Investors should know that, as per global laws, the money deposited by them in a bank belongs to the bank and not to them. The investors become unsecured creditors of the bank. The banks lend the money, and, if they make huge losses in such lending, can legally compel a haircut on depositors. - Thoughts of J Mulraj

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