No More Bank Bailouts, Understanding Dodd-Frank.

The crux of my previous article was to point out to our readers that statutory bail-ins, as defined in the Dodd-Frank Act, amount to forcing a failed institution’s shareholders back into a similar double liability exposure situation should a financial institution fail—and by extension, the bank depositors as well. Can it be any more frightening than this? Is it really possible that our current laws could subject the public to this sort of unexpected dilemma? Unfortunately it is.

Prior to the founding of the Federal Reserve System in 1913 senior bank managers of national banks were also the bank’s major shareholders and in the case of the bank’s failure they were personally liable for any of the net losses of the bank. The shareholders of deposit-taking institutions were not allowed to use the limited-liability corporate form of business even though it existed. Consequently, bankers and all shareholders of banks operated their banks with double-liability exposure. 

Given the situation we hope you will agree that it’s time to do something about this at once. We should all be setting up an alternate warehouse for our money and begin the process of weaning ourselves from the precarious nature of our current commercial banking system and its new regulations. This new money headquarters should be in a completely different sector of the economy, away from the commercial bank/Wall Street sector. Specifically, it should be the insurance sector. Keep very little money in the banks, only enough to pay for current expenses. All excess cash flow should be swept into your alternate money warehouse where you will benefit from the safety, privacy, and control of the money you put in it, plus numerous other benefits to shield you from the uncertainty of our times. In an economic environment such as what we have today there is really no reason to delay.

by L. Carlos Lara

High Cash Value Whole Life Insurace could be a safer place for your money.

Read this There wont be anothe bailout

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