Your Bank Depositor's Rights Have Been Stolen Away Legally By A Simple Word Change
SteveQuayle.com
Steve,
I found a very interesting pdf paper on the FDIC website dealing with
coordinated plans with the Bank of England and how Dodd-Frank re-defined
depositors as investors or unsecured creditors in banks.
As you well know, depositors have a number of rights, whereas changing the
definition of a depositor to mean an investor or unsecured creditor
removes 90% of those rights.
Please check this out and get it public. People need to know, their money
is no longer safe in any way shape or form!
http://www.fdic.gov/about/srac/2012/gsifi.pdf
Thank you for all you do,
Your friend in Christ…
RAC
http://www.stevequayle.com/index.php?s=33&d=335
Apr 2, 2013
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Whistler Blowers, Insiders
yeah, as of aug 16 2012 .the 7th circut court rendered that once a depositor gives money to a bank,, you gave the money to the bank.. an bank can use the depositors money as collateral an to pay off bad debit . no FDIC ,, cause the bank didn’t fail.yet
You just found this??? Appears to me that you are a day late and a dollar short! (Pun intended)
I read the Study, but did not see where it redefined “deposits” as “creditors”. On which page? Thanks.
Ive been trying myself to get answers on INVESTMENT companies like Ameriprise, Charles Schwab and others if they have have “Haircuts” like banks. I know stocks can take a hit but what if your money in one of these companies is in a fund or cash account, equity how is it protected?
According to the above FDIC doc they wipe there hands of any liabilities with said companies.
20 The existing Banking Act does not cover nondeposit
-
taking financial firms, notably
investment banks and financi
al market infrastructures (clearing houses
in particular
), the
failure of which, in many cases, would also have significant financial stability consequences.
The Banking Act also has limitations with regard to the application of resolution tools to
financi
al holding companies. The U.K. is in the process of ex
pand
ing the scope of the
Banking Act to include these firms. This is expected to be achieved through the introduction
of the U.K. Financial Services Bill
,
6
which is due to
complet
e
its passage through P
arliament
by the end of this year
.