Insured Bank Deposits At Risk, America Burns While Obama GolfsYouTube
Mar. 19, 2013
1.Trump is Right: GOP Debate Audience is Packed Full of Republican Donors
2.FOX Con-Artists Use Unnecessary Censorship To Make Trump Sound Like He Said 'F*ck'
3.75-Yr-Old German Grandmother Tells of Sexual Harassment by Migrants, Interview Gets Interrupted by Clueless "Integrated" Muslim Teens
4.'End of Europe': Trump Slams Merkel's Refugee Policy, Wants Good Relations With Russia
5.EPA Rule to Ban Car Modification
6.New 'Traffic Violations Agency' Brings Buffalo Extortion Racket to All Time High
7.NYPD Cop Who Retired With Knee Injury, $66G Pension Regularly Runs Triathlons
8.Government Agents Hunt Woman Down After Seeing Facebook Picture Of Her Rehabilitating Baby Squirrels
What happens in Cyprus doesn't necessarily stay in Cyprus. The media says it can't happen here but it can. If several major U.S. banks failed, trillions of deposits would be at risk, including hundreds of billions insured by the FDIC. However, the FDIC barely has any reserves to cover the potential losses. A bigger bailout than TARP would be required to bailout depositors. Where would the government get the money? If the Fed prints it, deposits would lose a much larger percentage of their value to inflation than Cyprus depositors are paying in deposit taxes!