How Safe is Lawful Money If A Bank Goes Bankrupt
All money is seized when a bank forecloses and account holders are compensated according to the FDIC insurance policy for each individual account.
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How Much Are Multiple Accounts At A Single Bank Protected By Insurance
Banks don't often go bankrupt but are rather conglomerated into other-larger banks. If bankruptcy does occur, the US bank insurance agencies have a policy that the standard deposit insurance amount is $250,000 per depositor, per insured bank, for ...
Income Taxes and Lawful Money
Under its power to borrow money, Congress is authorized by the Constitution to contract debt, and whenever something is borrowed it must be returned. When Congress spends the contracted private credit, each use of credit is debt which must be ...
Does Lawful Money Need A Special Bank Account
No, lawful money redemption can be utilized in any form of bank account.
Can A Bank Refuse to Keep My Account Open Because of A ‘Lawful Money Demand’?
No! All banks (federal, state, public) have a fiduciary responsibility to their shareholders. While there is a clause that permits the bank to close down accounts for any reason – legally they cannot exercise that option unless they are losing money ...
What Countries Allow The Bulletproof Trust and/or Lawful Money Redemption
Mexico, Canada, Poland, Australia, UK have been able to create trusts. Poland & Mexico have drug trafficking problems so they do not allow trust bank accounts (thus the reason they may need to create a corporation instead). Regarding lawful money ...