Cyprus-Style Account Seizures Coming To A Bank Near You

It’s bad enough that you don’t make any interest holding your money in a checking or savings account at the bank. But at least it’s safe, right? Not so much, as Federal Reserve Vice Chairman Stanley Fischer announced this month that instead of banks receiving bail-out money (from taxpayers) when they experience financial problems, they have now planned for a bail-in (by depositors and investors).

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