Awake-in-3D: Can Banks Legally Confiscate your Deposits in a Crisis?

Can Banks Legally Confiscate Your Deposits in a Crisis? Yes They Can. Our deposits at banks are protected by FDIC insurance, up to $250,000, right? This may not be the case in a banking crisis. Here’s what everyone should be aware of within the fine print of the FDIC-BOE Directive and the Dodd-Frank Act. I have researched a joint paper by the U.S. Federal Deposit Insurance Corporation (FDIC) and the Bank of England (BOE) specifically outlining regulatory plans to convert depositor funds into “bank equity” during times of financial crisis. This directive has global origins rooted in the G20 Financial…