Why is it that no one seems to care that the FDIC is now useless due to bail ins?

Discussion in 'Economics & Trade' started by The Mandela Effect, Apr 6, 2017.

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Should the US exit the G20 and reject the rules on bank bail in's?

  1. Yes

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  2. No

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  3. I don't fully understand the issue so I am unsure of how I should vote.

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  4. Other

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  1. The Mandela Effect

    The Mandela Effect Well-Known Member

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    http://www.reuters.com/article/us-g20-banks-exclusive-idUSKBN0GZ20F20140904

    This has been the case for years now and I hardly ever hear anyone complain about it. Am I the only one thinking about what happens the next large market crash happens and the banks start taking money from people's checking account's due to them now being classified as unsecure creditors so they can avoid going under. The FDIC only protects people from a bank that has failed, not one that has legally taken your money under this G20 agreement.
     

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