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How do you make sure the money you deposit at a bank or credit union is 100% safe that you are guaranteed to get every penny back no matter what?
Federal Appeals Court, explicitly stating that an FCM can use customer deposits to pay its debts, and that the customers themselves are subjugated and have basically no legal right to their own monies, no matter what the law says, [ or what legal assurances, claims or guarantees are made to that customer about their funds held with an FCM or any other brokerage or depository institution. The
“secured” party at the front of the line will always be the mega-bank who made the fraudulent loan using the stolen customer funds as collateral. In other words, all customer funds in the United States are now the legal property of JP Morgan, Goldman Sachs, BNYM, or whichever megabank is the counterparty on the loans the FCM or depository institution takes out in order to fund its mega-levered proprietary in-house trading desks. ]
Expert answered|smp0784|Points 4090|
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Asked 8/18/2013 6:40:17 AM
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