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OUT OF MIND » THE INSANITY OF REALITY » GLOBAL FINANCIAL COLLAPSE » US Bank Depositors Set Up For The Slaughter – 24 March 2013

US Bank Depositors Set Up For The Slaughter – 24 March 2013

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PurpleSkyz

PurpleSkyz
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US Bank Depositors Set Up For The Slaughter – 24 March 2013




Posted on March 24, 2013 by lucas2012infos | Leave a comment








US Bank Depositors Set Up For The Slaughter – 24 March 2013 BurningdollarsApparently
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



  

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