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The move was a surprise to investors, who came to be expecting a taper right down to between $65 billion and $75 billion per month based on comments made by Federal Reserve Chairman Ben Bernanke in June.
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A powered by Argentine bank deposits occurred in 2001. The natives were understandably restless with the continued failure of the government’s economic policies. People wanted to emerge from the Argentine peso for http://revolutionsignals.net/ your refuge within the USD. When you might expect, the government froze accounts for up to a year and limited customer distributions. Recently we had something similar occur in Cyprus when rumors began swirling about deposit confiscation in order to using the poor financial associated with banks within this country. In similar fashion, the government of that country took measures to limit withdrawals and the rumors became fact. Depositors did throw money away though phrase used was the more euphemistic “tax”.