[the invisib1e hand]

unlimited FDIC coverage for you, interest for your bank.

It's Utopia.

[Brilliant]

The money flows in quickly, but it will also flow out quickly once the danger of European collapse is over.

[Brilliant]

This is also why the stock market has been going up in the last several weeks.

[Oatka]

The Dodd-Frank Act provides unlimited deposit insurance coverage regardless of the account balance or type of ownership.

Since we are buying Euros with dollars, what could go wrong? ;-)

[Glenn]

This is new ground.

Investors haven't seen it before and have no idea what the outcome might be. We had this in the beginning of this crisis and now we are doing it again.

That equates to an enhanced risk, IMHO.

[AceMineral]

If people are nervous about their cash, I will hold it for them.

[4Liberty]

And banks aren’t lending because Justice continues to accuse them of “redlining.” Somebody tell Holder (and the Prez) that credit scores have no skin color.

No lending means no small business start ups. That means no employment growth, and BIG DEMOCRAT LOSSES in 2012!!!!!

[RayChuang88]

I think the deposits are going to rocket even HIGHER with the fear of the collapse of the Eurozone. This of course ends up benefiting companies like Morgan Stanley and Goldman Sachs.

Interestingly, why aren't the Europeans putting their money in the Big Four Chinese banks? Is it they realize the Chinese banks aren't much safer than the European banks?

[Sawdring]

Here is a better one from the same site: European Banking Crisis Spins Out Of Control – Officials Have No Solutions

[dhs12345]

In $100K increments?... or whatever the new FDIC limit is now.

[DarkWaters]

And what happens to this money should the US find itself in a crisis at some point while Europe takes a dive? Some of these guys in goverment and on Wall Street might see an opportunity to steal it especially if its the banks themselves that are in trouble. We certainly would become very unpopular after such an event. It’s an opportunity the left and Obam would love to have to hurt America even more.

[dhs12345]

Never mind. Should have read the article.

Unlimited — wow! That seems like a train wreck in which us little people (small depositors) will get screwed and the big cronies are covered.

[unixfox]

Well, I guess their money can collapse right along with ours.

[Lurker]

are taking advantage of a provision of the Dodd-Frank Act that provides unlimited FDIC insurance coverage on noninterest-bearing transaction accounts.

These people are insane.

[RSmithOpt]

Let's not forget the underlying issues to a lot of this too. That being fractional banking; fiat currencies; liar loans; The Federal Reserve (unconstitutional to say the least when it comes to printing/making up assets for the reserve banks to back the US Treasury in selling more & more junk; derivatives Ponzi Scheme; Congress, the DOJ, the SEC, etc turning a blind eye, and finally: the World Bank / IMF.

Nothing but high stakes international 3 Card Monty to skim the cream and steal as much as fast as they can......to steal the fiscal futures of the working man.

[mrsmith]

http://problembanklist.com/problem-bank-list/

-.02 but improving.