On the weekend of November 16th, the G20 leaders whisked into Brisbane, posed for their photo ops, approved some proposals, made a show of roundly disapproving of Russian President Vladimir Putin, and whisked out again. It was all so fast, they may not have known what they were endorsing when they rubber-stamped the Financial Stability Board’s “Adequacy of Loss-Absorbing Capacity of Global Systemically Important Banks in Resolution,” which completely changes the rules of banking," reports Ellen Brown, Public Banking Institute founder, and author. A May 2013 article in USA Today titled “Can FDIC Handle the Failure of a Megabank?” said: "[T]he biggest failure the FDIC has handled was Washington Mutual in 2008. And while that was plenty big with $307 billion in assets, it was a small fry compared with the $2.5 trillion in assets today at JPMorgan Chase, the $2.2 trillion at Bank of America or the $1.9 trillion at Citigroup.
Read more about Banks Can Now CONFISCATE Your BANK DEPOSITS - The FDIC Does Not Have Enough Money to Cover Your Money! Find Out the Most Vulnerable Bank ...
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