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Sunday, October 20, 2013

Capital Control from Chase Bank?

From Alex Jones Infowars | October 17 2013


                             


Small and corporate accounts of Chase are receiving letters that limit cash withdrawals and wire transfers beginning November 17, 2013.  Alex Jones fear the start of capital control and the start of Cyprus type of govt gouging/raiding personal accounts

But a Forbes article 2 days ago says that Chase merely wants to manage risks better and to encourage upgrade to a much higher balance account.  The fears of depositors are unfounded they say.

However shall we relate this to Chase sale of its NYC tower for $725 million Chinese conglomerate Fosun for $725 million  Is Chase having liquidity problems

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1 comment:

Majorem said...

Yes JP Morgan s far as I know has a bit liquidity problem as one of their major depositor transfer their account to Bank of America. The very action they do is going into retail competing with the commercial Banks.


Eddie Visited this site November 18, 2013

November 18, 2013 at 5:39 PM

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