[E. Pluribus Unum]

And, if you take your money out of the bank and put it into a safe in your house, the Feds will knock on your door and confiscate it under asset forfeiture laws.

[ZX12R]

Could such a policy create a bank run?

I don't know if it would create a run on cash money, but it certainly would create yet another run on guns and ammunition, as well as a further souring and angering of the American public. The shooting will start at some point, and it will be completely out of control. All government employees will only be safe in very large numbers, and even then, only the ones toward the center of the group, while snipers are picking away the perimeter.

[Foundahardheadedwoman]

Seems a lot of financial news is coming out today, none of it good for the middle class. Could it be the end game is being rushed a little?

[sickoflibs]

I assume this would be to get people to spend it or put it in stock market, ‘stimulate economy’.

[Buckeye McFrog]

Commercial banks have already said they would have to respond by charging customers Service Fees for “taking care of” their money.

Which will result in gnashing of teeth and a revolutionary uproar.

I guess that would make for one helluva distraction from Obamacare though.

[SnuffaBolshevik]

I really need to get a handle on my lottery addiction.

Four or five hundred bucks a week out of the ATM and I have yet to win squat.

[Toddsterpatriot]

Private banks, of course, make a great deal of money this way.

Only if you consider 0.25% to be a great deal of money.