Insured Bank Deposits At Risk, America Burns While Obama GolfsYouTube
Mar. 19, 2013
1.The Guardian Says Correcting People On Their Grammar Is Racist
2.Hysterical Bloomberg Columnist: Trump's 'America First' Speech Reminiscent of 'Nazi Era'
3.Student Rep. On Free Speech: "Some People Have More Equal Rights Than Others"
4.Trump Foreign Policy Speech Signals Death of Neocons and Peace With Russia
5."All He Could Say Was 'Sex, Sex, Sex'": Wave of Muslim Migrant Sex Assaults Hits Austria
6.ADL Targets Trump: Saying "America First" is Anti-Semitic
7.VIDEO: Crazed Feminists Harass Man For Filming "Whiteness History Month" Presentation
8.Prosecutor: "Many People" Will Riot in Baltimore If White Cop in Freddie Gray Case Is Acquitted
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!