nakedempire


The American Empire in a Changing World



Pages

Wednesday, November 7, 2012

''The FDIC Will Eliminate Deposit Insurance On $1.4 Trillion Of Bank Deposits''

From Problem Bank List

''In the aftermath of the banking meltdown that began in 2008 many large depositors with balances in excess of the standard deposit insurance limit of $250,000 became very concerned about losing money in a bank failure.  In an effort to instill confidence in the banking system, the Dodd-Frank Act instituted temporary unlimited deposit insurance on noninterest bearing transaction accounts (NIBTAs).''

read more 

No comments:

Post a Comment