Thursday, March 28, 2013

How Safe Are Our FDIC-Insured Bank Deposits?

Just when you thought your money was safely insured by the FDIC, here is an article that might cause the hairs to stand up on the back of your neck.

hedgehog
[Image thanks to blogs.babble.com]

This article is from Ellen Brown over at her blog, Web of Debt.

It Can Happen Here: The Confiscation Scheme Planned for US and UK Depositors

So Cyprus may have been only the beginning.  (Actually, now that I think of it, that expression "bail-in" was just too cute to have been invented on the spot by a Dutchman.)

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