Posted 3/29/2013 19:38 (#3000583 - in reply to #3000536) Subject: Re: First Cyprus, then Canada now FDIC ?
when ever you make out a financial statement (yearly in most cases) and you borrow money .... the asset side of your FS becomes the banks asset in their FS for the regulators...most FS are security documents back by a state filed lien recorded at the court houses.
My grandpa went though 2 bank closings in 2 weeks way back then..........rough times........