Take Your Money Out of the Bank!

[MASTERBAKER]

Take Your Money Out of the Bank!

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You need to take your money of the Banks! Why? “Individual and
public taxpayer money is not safe in the big banks. This video will show
why and how the government plans to confiscate depositor money when
(not if) the next crisis hits in order to prop up the big banks. The
actual government documents outlining the confiscation plans will be
highlighted.”

 

[SPECTRE1]

Here is another reason to dislike banks:

The banks are being assessed 70-130 billion FDIC deposit insurance fees (related to banks failures from the 2008 financial crisis) which the government just charges banks without providing any guidance on whether it should be charged to depositors, borrowers, or other risky activities such as derivatives.

Most bank failures are related to lending activities, rather than depositors making a run on the bank, so borrowers should be paying these costs. Not the person barely getting by, getting slammed with overdraft fees, swipe fees, ATM fees, teller fees, and other charges.