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This can happen to all of us ?? (media.greatawakening.win)

posted 3 years ago by TRUMPERXXX 3 years ago by TRUMPERXXX +504 / -1

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– Halya 15 points 3 years ago +16 / -1

Do you remember talk a couple of years ago all banks changed wording for customer from depositor to investor because of 08 crash. In 08 big banks got bail outs and used that money to buy out small banks. I got letter from my small bank that my account was transferred and to make an appointment immediately to verify funds.

So in a crash you can lose your money esp since you took a gamble as an investor and if bank goes under no FDIC funds left.

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– Be_Banned 4 points 3 years ago +4 / -0

Had forgotten about that. Thanks for refreshing my memory on that

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– mengderen 2 points 3 years ago +2 / -0

Most of the bailout money went for executive bonuses... Watch the Big Short for info on "CDOs"..

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– Halya 0 points 3 years ago +1 / -1

Could be but I know for sure PNC bought out Equibank and one other. I had to deal with that.

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