Could the U.S. Do Like Cyprus and Seize Bank Deposits?
Cyprus' attempt to raid insured bank accounts has left a bad taste in the mouths of people around the world, and led some to ask: Could it ever happen here in America?
insured deposits
Cyprus' attempt to raid insured bank accounts has left a bad taste in the mouths of people around the world, and led some to ask: Could it ever happen here in America?
More than 70 U.S. banks have failed this year, according to the FDIC. And one DailyFinance reader wants to know how safe is the money in our bank accounts? Laura Rowley responds.