What Would Happen?
What would happen if the banks are allowed to claim fifty percent of all Americas accounts with no repercussions? Simply walk away with your money you have saved for you life/retirement.
4 Answers - Sort by: Date | Rating
I don't see that happening, however, the way the economy is now and the way things are deteriorating rather quickly nothing would surprise me.
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from the news it has already happened to a certain extent in california. anything over a hundred thousand is not insured by the government so the bank basically is allowed to walk with fifty percent of the customers money over 100k. what would happen if the people simply refused to pay anymore than fifty percent of their car lease or house payment/mortgage payment? we would be thrown in jail and lose everything. how is the average customer/person suppose to know if this isn't a scam cooked up by the shareholders to grab as much cash as they can before taking off and shutting down banks left and right like the enron boys. then the government comes in and claims all the funds they find for themselves instead of returning it to the people it was stolen from. sounds like our government is becoming just as corrupt as the people doing the stealing.
Well I think I'd get my gun and go find the owner of a bank, I'm sure I could get a pretty penny out of him.
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i don't think you would get within a mile of the place with the federal agents around the place. the bank owner or manager has nothing to do with it. it's the nice(by nice i mean evil money changers paraphrasing from the bible) hidden share holders/sort of like the man behind the curtain in the wizard of oz pulling the strings.lol. somebody needs to enforce the laws to benefit the working class people that are loosing their retirement accounts because of this type of piracy rigged to benefit the shareholders and the company store(bank). in case you don't get the reference look up tennesee ernie ford sixteen tons of number nine coal lyrics.
Taking money from people who have an account just doesn't seem justifiable just because shareholders and workers would lose money. Who knows, they might just use that bank for their own savings and end up losing more money than they benefit.
i just saw on the news now the fbi is looking at these banks. so someone thinks it's kinda hinky besides us.lol later
Nothing would "happen". At least nothing happened last time.
Maybe if it happens faster next time it could get some response from the general public. The general U.S. Public doesn't have much in the way of life savings so it probably wouldn't cause riots or anything like that. We're also pretty good about going along with the crowd too so as long as it was everybody, the idea could be sold to us.
Banks or U.S. Treasury?
I think the dollar is presently (July 2008) worth about half what it was three years ago (July 2005) in terms of oil, gold, silver, grain, etc. So if you want to know what would happen, look around - it just happened, again.
Maybe if it happens faster next time it could get some response from the general public. The general U.S. Public doesn't have much in the way of life savings so it probably wouldn't cause riots or anything like that. We're also pretty good about going along with the crowd too so as long as it was everybody, the idea could be sold to us.
Banks or U.S. Treasury?
I think the dollar is presently (July 2008) worth about half what it was three years ago (July 2005) in terms of oil, gold, silver, grain, etc. So if you want to know what would happen, look around - it just happened, again.
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Well there are many shocking things going on in this day and age, and i must admit it takes a lot to shock me. With banks looking to save money as well as the people. Everybody is looking for discounts left right and center.
But like you say i'd rather keep my money under my floor boards lol! But for now i feel safe enough to leave it in the bank!
But like you say i'd rather keep my money under my floor boards lol! But for now i feel safe enough to leave it in the bank!
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