Citibank Reserves Right to Restrict Account Withdrawals For 7 Days

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Citibank Controversy Puts Dubious FDIC Guarantee Back In The Spotlight

February 25, 2010

7 day restriction on bank withdrawals could mean the difference between preserving or destroying your life savings if the U.S. dollar collapses

The recent controversy surrounding Citibank’s advisory to its customers reserving the right to impose a 7 day restriction on withdrawals from their accounts is a stark reminder of the vulnerability of the fractional reserve banking system and the FDIC’s shaky guarantee that it can insure deposits in the event of a bank run.

See:
http://www.prisonplanet.com/citibank-controversy-puts-dubious-fdic-guarantee-back-in-the-spotlight.html