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Topic: Who would be brave and stupid enough to trust the bank? (Read 910 times)

legendary
Activity: 1372
Merit: 1000
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Do you have the same thoughts regarding Credit Unions then? In terms of scummy-ness they are much better than banks in that regard.

Good question. It might be harder to access funds in credit union bank accounts but certainly not impossible. Time will tell, sadly..
sr. member
Activity: 271
Merit: 250
Do you have the same thoughts regarding Credit Unions then? In terms of scummy-ness they are much better than banks in that regard.
legendary
Activity: 1372
Merit: 1000
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I understand it, my point is while you believe the dollar will collapse imminently, I do not. Maybe 10+ years down the road, but not immediately.

Bails-in and currency collapses are two things. You don't need a currency collapse to have a bail-in, you just needs some politicians agreeing that it is now the time to let the banks scoop into your bank account to pay off the national debt. Door have been wide open in Canada and some European countries for such a thing and partially open in the US. Governments and banks will make it impossible for us to forecast because it will obviously create a bank run and/or massive capital flights.
sr. member
Activity: 271
Merit: 250
I understand it, my point is while you believe the dollar will collapse imminently, I do not. Maybe 10+ years down the road, but not immediately.
legendary
Activity: 1372
Merit: 1000
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Considering I've never had any issues directly with the bank, I would. Also when my money got stolen, the FDIC reimbursed me.

Never heard of bail-in? Your FDIC won't be any useful...
http://internationalinvest.about.com/od/glossary/a/What-Is-A-Bail-in-and-How-Does-It-Work.htm
sr. member
Activity: 271
Merit: 250
Considering I've never had any issues directly with the bank, I would. Also when my money got stolen, the FDIC reimbursed me.
legendary
Activity: 1372
Merit: 1000
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Not me but are you trying to make a point?
sr. member
Activity: 476
Merit: 250
Who would be brave and stupid enough to trust the bank?
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