they lost your pension, now they want your savings

Of course, if you have your money in a major bank:
1 you're an idiot
2 you will lose a lot of your money
3 inflation is eating up the rest.

If 5% of the customers of any bank came and withdrew their savings in one day,
the bank in question would be out of business.
They have leveraged your savings and loans into toxic derivatives.

However, life is so tough now that they are actually taking money away from people.
what little money they have, through fees. Bank of America and Citibank

This could force the hand of savers in the US who could take their money to credit unions,
which would force the banks to go knocking on the Fed's door.
Don't they play chess? Have they no guile?

One screwup to to lose it all. It's gonna end with Morrrrrdorrrrrr.

checkitout:
Citi Follows Bank Of America In Instituting Debit Card Fee, $1.9 Trillion In Deposits At Risk
Submitted by Tyler Durden on 10/01/2011 - 16:41
When we reported that Bank of America will be the first bank to institute debit card fees we made the following less than insightful observation: "The problem is that the bulk of depositor clients will simply walk away from Bank of America (which had $1,038 billion in deposits as of June 30), and any other institutions that piggy back on this, and from a game theory perspective, everyone has to do it, or nobody will do it." Well, Citigroup, which had no other choice, has just decided to follow in BofA's footsteps, which i) proves there is indeed a collusive move of desperation by the bank cartel, which in a normal country would see at least a statement from Eric Rip Van Holder, and ii) our thesis about America's impatience with petty theft - they are more than ok with grand scale larson such as that by the Fed via shadow inflation and currency devaluation, but when it comes to paying up an additional $5/month, well, just look at Netflix, which instituted a $6/month price hike two months ago... and is now fighting for survival. As for the exemption requirements, they will likely be the same as Bank of Countrywide Lynch's: either have a mortgage with the TBTF behemoth, or have $20k in a deposit account - both which will likely not be much of a help to 90%+ of the bank clients. The biggest problem is that suddenly at risk are $1.9 trillion in deposits - $1 trillion at BofA, $866 billion at Citi. While the financial crisis did little to dent the banks' deposit buffer, it will be highly ironic if it is an act of the banks themselves that begins the great bank run that resets it all...



notice how similar the above scene is to the banking crisis.
A world is about to end and everybody's standing around, pulling on their peters, or somebody else's.