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.Caught On Camera: Preacher Cited by Officer Because It's "Illegal to Offend People"
3.Man Says He Was Fired After Pulling Gun in Gun-Free Zone to Save Woman's Life
4.Ticketing For Profit So Rampant, State Lawmakers Forced to Take Action -- Cops Are Furious
5.75-Yr-Old German Grandmother Tells of Sexual Harassment by Migrants, Interview Gets Interrupted by Clueless "Integrated" Muslim Teens
6.FOX Con-Artists Use Unnecessary Censorship To Make Trump Sound Like He Said 'F*ck'
7.EPA Rule to Ban Car Modification
8.Drug Dogs Don't Even Have to Be Right Half The Time to Be Considered 'Reliable' by The Courts
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!