Banks set to grab deposits without warning -
When major banks fail, they are going to bail them out by grabbing the
money that is in your bank accounts. This is going to absolutely
shatter faith in the banking system... until now, the bank has been
obligated to pay the money back on demand in the form of cash. Under
the FDIC-BOE plan, our IOUs will be converted into 'bank equity'. The bank will get the money and we will get stock in the bank.
Michael Snyder via F, Maloof at wnd.com
Michael Snyder via F, Maloof at wnd.com
Do you think Obama's been judged by any rational standards? Has
Guantanamo closed? Is a war over? Is anyone paying any attention to
Iraq? Is he seriously talking about going into Syria? We are not doing
so well in the 80 wars we are in right now, what the hell does he want
to go into another one for. What's going on with journalists?
Seymour Hersh, via Lisa O'Carroll at theguardian.com
Seymour Hersh, via Lisa O'Carroll at theguardian.com
Most people do not have the faintest clue as to how dire a condition retail is in, or the main reason more of them haven't yet shuttered their doors. Check out debt levels of a Rite-Aid or your typical zombie retailer when the mood strikes you. They could film Zombieland in many malls today and wouldn't need to pull a permit.
TruthInSunshine, comment at zerohedge.com