As I understand it, It is the government taking the funds. If the banks were to fail or some other legit reason, then the insurance would kick in, that is different than what is happening.
This admininstration here has also kicked around the idea of taking from 401K's and other retirment accounts - at least rumored to .
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- by GeekwithaGun
- Tue Mar 26, 2013 11:39 am
- Forum: Gun and/or Self-Defense Related Political Issues
- Topic: Last-minute Cyprus deal to close bank, force losses...
- Replies: 32
- Views: 2752
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