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Citibank Controversy Puts Dubious FDIC Guarantee Back In The Spotlight

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  • Paul Joseph Watson
    Citibank Controversy Puts Dubious FDIC Guarantee Back In The Spotlight 7 day restriction on bank withdrawals could mean the difference between preserving or
    Message 1 of 1 , Feb 25, 2010
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      Citibank Controversy Puts Dubious FDIC Guarantee Back In The Spotlight
      7 day restriction on bank withdrawals could mean the difference between preserving or destroying your life savings if the U.S. dollar collapses
       
      Paul Joseph Watson
      Prison Planet.com
      Thursday, February 25, 2010
       
      The recent controversy surrounding Citibank’s advisory to its customers reserving the right to impose a 7 day restriction on withdrawals from their accounts is a stark reminder of the vulnerability of the fractional reserve banking system and the FDIC’s shaky guarantee that it can insure deposits in the event of a bank run.
       
       
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