Just found this:
A .pdf file, some sort of Powerpoint presentation by Chris Whalen of IRA.
predicts the 3 largest US Banks will have to be taken into receivership in the next 6 months
Predicts that BAC, JPM, GMAC foreclosure moratoriums only
the start of the crisis that threatens the financial
foundations of the entire U.S. political economy.
Also this, one comment on one website came up with these references and this final conclusion:
“If this isn’t all being telegraphed, i don’t know what is.
Banking holiday…It is just a matter of time.”
I’m thinking the FDIC is planning one by their statements, as they seem to be setting a time window to end certain levels of insurance guarantees. If that is to be a publicly known event, (and it must be, if the pitchforks are not to come out) then you give people time to remove levels of deposits beyond the coverage they will offer in the future. This invites a bank run, but may be planned to happen in a controlled way, rather than in a panic, and so then they have less to clean up, when these banks actually fail.
My guess, it will happen ahead of schedule. No one will be happy…
For more, see the video below, previous post....