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Tag Archives: largest 25 US banks

Bank run in progress? Massive $114B withdrawn from 25 largest US banks first week of January!

Posted by aurelius77 on January 30, 2013

SD contributor AGXIIK warned readers months ago about the FDIC’s expanded deposit insurance which was set to expire Dec 31st, predicting that the expiring expanded deposit insurance enacted in the wake of the 2008 financial panic could trigger a bank run. Many scoffed at the report and its implications, due to the fact that the story received zero attention by the likes of Bloomberg, CNBC, or even ZH.

It appears that the expiring expanded FDIC insurance has in fact triggered a massive deposit withdrawal at the nation’s largest banks, as the Fed is reporting that $114 billion were withdrawn from the largest 25 US banks over the first week of January, the largest fund outflow since the 9/11 attacks, even exceeding the pace of the outflow during the 2008 financial panic! Continue reading →

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Comments Off on Bank run in progress? Massive $114B withdrawn from 25 largest US banks first week of January! Posted in Business & Economics, Economic Crisis, Economic Warfare, Espionage, National Security & Terrorism, Politics, US Dollar, USA Tagged $114 billion, $5.37 trillion, 2008 financial crisis, 2013, 9/11, bank run, Bank run in progress? Massive $114B withdrawn from 25 largest US banks first week of January!, banking & finance, Business & Economics, expanded deposit insurance, FDIC, federal reserve, government insured, January, largest 25 US banks, massive deposit withdrawal, nation's largest banks, politics, Transaction Account Guarantee insurance program, United States

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