$1.2 Trillion Of Nervous Money Floods Into U.S. Banking System
With the European banking system tottering on the brink of collapse, nervous holders of cash have flooded the U.S. banking system with $1.2 trillion of deposits. Panicky holders of large amounts of cash are taking advantage of a provision of the Dodd-Frank Act that provides unlimited FDIC insurance coverage on noninterest-bearing transaction accounts.
The Dodd-Frank Act provides unlimited deposit insurance coverage regardless of the account balance or type of ownership. The unlimited insurance is temporary and is due to expire on December 31, 2012.[...] Problem Bank List
The IMF Proudly Presents.... "Threat To The International Monetary System" Part Three
It's that time again when the IMF has just telegraphed something very big and very bad is about to happen. ZH
L'euro, la Grèce, les banques européennes, le système ..
La semaine qui vient va être interessante pour l'euro et les banques