From the report:
That's just fractional reserve banking at it's finest.
What a surprise huh? I also read that 93% of the Baanks assets exceeded the FDIC insurance maximums...ouch
Silicon Valley Bank Chief Executive Officer Greg Becker sold $3.6 million of company stock under a trading plan less than two weeks before the firm disclosed extensive losses that led to...
The EU finance ministers decided yesterday that all depositors at Cyprian banks will have to pay for the bailout of the government, regardless of whether their bank is in trouble or not. Collectivism at it's best. It's also gonna hit local and smaller depositors more heavily, because smart money...
Anonymous calling for moving funds from big banks to non profit credit unions on Nov. 5. Credit unions have seized upon the idea and incorporated it into their marketing: