Sat Mar 23, 2024 11:33 pm by globalturbo
US Bank Depositors Set Up For The Slaughter – 24 March 2013
Posted on March 24, 2013 by lucas2012infos | Leave a comment
Apparently
now, according to this court ruling [below], money you deposit in a
bank no longer belongs to you any more – not really…. So this is all
being set up for the “anti-christ” who is going to “save us”?
US bank depositors set up for the slaughter
They have already set legal precedence here in the U.S. with the Sentinel case, haven’t they??
Effectively turning all depositors into shareholders in the institutions where they deposit their money.
According to a federal appeals court ruling, Thursday, Bank of New
York Mellon’s secured loan will be put ahead of customer segregated
accounts held by Sentinel—a landmark ruling that turns individual
segregated accounts into the property of a third party under
circumstances of duress. In other words, if a financial institution
fails, clients, depositors and pension funds may not get some or all of
their money back in a bankruptcy.
In essence, under the ruling, Securities Investor Protection
Corporation (SPIC), Federal Deposit Insurance Corporation (FDIC) and
other insurance programs no longer will/can protect customer funds,
leaving millions of investors, depositors and retirees unaware that they
are no longer account holders of their own funds, per se, but, instead,
have suddenly become stockholders of the institution with which they
have deposited their money.
http://dl.dropbox.com/u/32961642/SentinelRuling.pdf
www.nesaranews.blogspot.nl / link to original article
Thanks to: http://lucas2012infos.wordpress.com
Posted on March 24, 2013 by lucas2012infos | Leave a comment
Apparentlynow, according to this court ruling [below], money you deposit in a
bank no longer belongs to you any more – not really…. So this is all
being set up for the “anti-christ” who is going to “save us”?
US bank depositors set up for the slaughter
They have already set legal precedence here in the U.S. with the Sentinel case, haven’t they??
Effectively turning all depositors into shareholders in the institutions where they deposit their money.
According to a federal appeals court ruling, Thursday, Bank of New
York Mellon’s secured loan will be put ahead of customer segregated
accounts held by Sentinel—a landmark ruling that turns individual
segregated accounts into the property of a third party under
circumstances of duress. In other words, if a financial institution
fails, clients, depositors and pension funds may not get some or all of
their money back in a bankruptcy.
In essence, under the ruling, Securities Investor Protection
Corporation (SPIC), Federal Deposit Insurance Corporation (FDIC) and
other insurance programs no longer will/can protect customer funds,
leaving millions of investors, depositors and retirees unaware that they
are no longer account holders of their own funds, per se, but, instead,
have suddenly become stockholders of the institution with which they
have deposited their money.
http://dl.dropbox.com/u/32961642/SentinelRuling.pdf
www.nesaranews.blogspot.nl / link to original article
Thanks to: http://lucas2012infos.wordpress.com
