It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
We previously wrote about the possibility of a bank run in Greece following unsubstantiated reports that Greek citizens don't trust the Greek financial system all that much anymore, courtesy of the whole bailout and GDP reporting fraud thing. The rumor was not only just confirmed and also quantified: Dow Jones reports that in the past three months Greeks have moved about €8 billion out of local banks "fearing a possible new tax on bank accounts, increased government scrutiny on assets and a run on the banks if Athens is forced to turn to the International Monetary Fund." This represents over a quarter of the money held by private banks in the country. This also represents about €400 billion in total money leaving the system courtesy of fractional reserve banking and the money multiplier. Yet the worst news for Greeks: money controls are coming. "
Driven by expanding problems with commercial real estate loans, the number of distressed banks in the U.S. rose to 702 in the fourth quarter, marking the highest level in 16 years, according to a report released Tuesday by the Federal Deposit Insurance Corp.
That's up from 552 at the end of September and 416 at the end of June. This is the largest number of banks on the FDIC's "problem list" since June 30, 1993.
Based on the result, roughly one in 11 of the approximately 8,000 U.S. banks are on this list, with regulators expecting a significant expansion in the number of failures throughout 2010, boosted in large part by increased losses on commercial real estate sustained by mid-sized and smaller banks.
Originally posted by SonicInfinity
If this was about America, it would have well over 100 flags and 500 replies by now. This is an extremely important event that everybody around the globe should be paying attention to, since it could be what's happening soon all over.
Originally posted by SonicInfinity
If this was about America, it would have well over 100 flags and 500 replies by now. This is an extremely important event that everybody around the globe should be paying attention to, since it could be what's happening soon all over.
Originally posted by warpcrafter
So, is this a targeted assault on the EU by the NWO? Or just the weakest link unraveling like it was going to all along? It will be interesting to see what effect it has on the rest of the world. Call me jaded, but I just look at this like the missile exchanges between Israel and Hamas et al, more like the sports scores than any sort of shocking news. After awhile, you just lose your ability to be scandalized.
Originally posted by Cabaret Voltaire
Perhaps the Americans or the British caused this somehow to drag down the European Eunion financially instead of with a thousand nuclear missiles. Carroll Quigley taught that there are three levels of conflict.... you can use talk, then money, then force. Maybe some Muslim businessmen caused it.