You wouldn't have chance to clear out your account, because, as in Greece, the banks would be closed.<quoted text>
I cant think of to many policies that are more reckless
not to mention just plain wrong.
Do they really want a run on the banks?
Tell you what...if it was a US policy, I would clear out my
bank acct, and we would most likely have a run on the banks.
And most people would trust the FDIC ins. but I place no faith
at all in the FDIC.
Who says a financial crisis would be necessary? Obama could just levy a "tax" on all bank deposits above a certain amount to help "balance the budget." And the Obama mob would cheer.