Replies to post #44408 on ~*~Mining and Metals Du Jour~*~

[douginil]

Thanks starboy. That is scary. I think the most important comment is::

Even scarier, the Dodd-Frank Wall Street Reform and Consumer Act passed by Congress in 2010 eliminated the option of bank bailouts, but opened the door for bank bail-ins. Simply put, bail-ins means the banks can confiscate your deposits if they run into financial trouble.

This may even apply to stocks certiicates in broker accounts but actually are stored in your brokers name.