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Jun242019

Your Money is not protected

The new law of the land and It was signed into law in 2010 under then President Barack Hussein Obama.

It's known under many different names:

The law states that U.S. banks may take its depositors funds (i.e. your checking, savings, CD's, IRA & 401(k) accounts) and use those funds when necessary to keep itself, the bank, afloat.

That means:

Instead of that bank going bankrupt and the banks assets sold off to be given back to its depositors…

Now the bank simply keeps your money and guess what? The bank is no longer bankrupt.

YOUR ACCOUNT IS NOT FDIC INSURED WHEN THE BANK TAKES YOUR MONEY. NOT ONE SINGLE PENNY.