$1 Trillion In US Bank Deposits Held Abroad Will No Longer Be Insured

In the aftermath of the Cyprus bail in (and to a lesser extent the Polish pension fund debacle), it is understandable if depositors are a little sensitive about the insurance, and thus confiscability (sic), of their deposits. Starting today, following a 5-0 vote by the FDIC, depositors in foreign US…

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$1 Trillion In US Bank Deposits Held Abroad Will No Longer Be Insured

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