The Secret FDIC Proposal That Puts Your Savings At Risk | Zero Hedge

The Secret FDIC Proposal That Puts Your Savings At Risk | Zero Hedge

"The financial media and elite have been trying to convince the world that Cyprus was a unique situation… a “one time” deal… and that our money is safe in the banks.
This is untrue.
Spain, Canada, and New Zealand have already proposed similar measures through which individuals’ SAVINGS accounts would be used to prop up the banks during times of Crisis."
Agreed. Proposed legislation in my neck of the woods (Canada) puts depositors at risk, even though we are rated as having the "safest banks" in the world. Go figure.