Evil people in authority (fed judges) have quietly changed the rules.
We are no longer "Depositors" in banking institutions.
It used to be an ordinary account was called a "Demand deposit account".
At any time, you could require the money you lent to the bank (in return for interest) would be available whenever you want.
They may still call accounts as such.
An "Investor" is a co-owner of the institution.
Investors are LIABLE for losses a bank may incur.
Now, when a bank goes under- value is confiscated from the owners
of the institution.
How does it feel to be a co-owner with this in mind?
When QE runs out of steam and economies turn down again, guess who gets to hold the bag?
We are no longer "Depositors" in banking institutions.
It used to be an ordinary account was called a "Demand deposit account".
At any time, you could require the money you lent to the bank (in return for interest) would be available whenever you want.
They may still call accounts as such.
An "Investor" is a co-owner of the institution.
Investors are LIABLE for losses a bank may incur.
Now, when a bank goes under- value is confiscated from the owners
of the institution.
How does it feel to be a co-owner with this in mind?
When QE runs out of steam and economies turn down again, guess who gets to hold the bag?
