Posted On: 02/09/2016 1:05:22 PM
Post# of 65629
Just before
The great depression. People put their money in banks before there was FDIC .The banker knew want was coming. Many banks failed because the bankers loaded up the money and left town. Depression hit and depositors went to the bank to get there money out and the Bank was closed. They lost everything and the banker most of them were never held accountable.
Same principle as 2008 only on retirement accounts and credit.
It is called Grand Theft in today's standards
The great depression. People put their money in banks before there was FDIC .The banker knew want was coming. Many banks failed because the bankers loaded up the money and left town. Depression hit and depositors went to the bank to get there money out and the Bank was closed. They lost everything and the banker most of them were never held accountable.
Same principle as 2008 only on retirement accounts and credit.
It is called Grand Theft in today's standards
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I'm a Crazy Scots-Irishman Blue Blood... It's probably not a good idea to listen to me...everything I say is of my opinion. I'm not a good place to get investment advise...
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