While We Worry About 10 Oz Silver Bar Prices

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Author	Replies: 5 / Views: 990
biggfredd Rest in Peace United States 9104 Posts	Posted 08/09/2011 04:29 am Quote: Bank of New York Mellon, on its own, announced last Thursday: It will now charge its customers 0.13% of the cash they hold at the bank in excess of $50 million. Soon, you will see the Fed do the same thing to all banks that are holding excess reserves on deposit with the Fed itself, in an effort to push money into the economy . Larry Edelson, Uncommon Wisdom Report this Post to the Staff

chris12018 Pillar of the Community United States 2130 Posts	Posted 08/09/2011 06:08 am It's bad enough that the interest you collect on your money from these banks is quite low, now they want to charge you for having money in their establishment. Do they not make money on your money? Report this Post to the Staff
biggfredd Rest in Peace United States 9104 Posts	Posted 08/09/2011 07:05 am You can bet an account with $50million gets deals that you and I don't. Maybe even two toasters! Report this Post to the Staff
Brucec Pillar of the Community United States 1026 Posts	Posted 08/09/2011 08:00 am I for one some time ago got tired of letting the bank make allot of money off my money and give me almost nothing in return so I took it all out! More people should do this to say enough is enough. Report this Post to the Staff
macmercury Pillar of the Community United States 5826 Posts	Posted 08/09/2011 09:02 am Find another financial institution, plenty of other ones. Report this Post to the Staff
mkfarm Pillar of the Community United States 667 Posts	Posted 08/09/2011 09:31 am The bank pays about 0.10% to the FDIC to insure deposit accounts, and if its deposits swell massively it could face capital charges. Report this Post to the Staff
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