When you deposit money into a Bank it becomes the property of the bank. You are categoried as a "Lender" with Bank "stock" as collateral. FDIC is a JOKE, not even close to covering one large bank failure.
The Cyprus "Bail In" is the current USSA policy for deposits in troubled banks. Basically you are SOL.
When you deposit money into a Bank it becomes the property of the bank. You are categoried as a "Lender" with Bank "stock" as collateral. FDIC is a JOKE, not even close to covering one large bank failure.
The Cyprus "Bail In" is the current USSA policy for deposits in troubled banks. Basically you are SOL.