Absolutely wrong. I completely disagree with limits on derivatives “bets by bank CEOs”. Research what your bank does and choose your bank accordingly. Perhaps distribute your money to various banks instead of putting it all in one bank. Why not buy a bond or real estate or stocks or something else which can’t be taken if the bank goes belly-up?
I think a bank and a customer can come to any agreement they want without the government getting involved.
You do not understand, this is not my opinion, this is a new international law...read about it yourself.
http://www.zerohedge.com/news/2014-11-12/russell-napier-declares-november-16-2014-day-money-dies
http://fxtradermagazine.com/monetary-policies/New-Banking-Rules.php