Sunday, October 18, 2015

Banks Don't Want Your Cash

U.S. banks are going to new lengths to ward off a surprising threat to their financial health: big cash deposits.

State Street Corp., the Boston bank that manages assets for institutional investors, for the first time has begun charging some customers for large dollar deposits, people familiar with the matter said. J.P. Morgan Chase & Co., the nation’s largest bank by assets, has cut unwanted deposits by more than $150 billion this year, in part by charging fees.


You can read the rest @

http://www.wsj.com/articles/big-banks-to-americas-companies-we-dont-want-your-cash-1445161083

One way or another, they will find a way to steal ALL of our money. Easiest way, I guess, is to drive our money into the stock market and then short the market while intentionally driving it down. The muppets never learn, do they?

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