There you go again assuming there is no small print and you live in the land of lollipops and gum drops.
The FDIC only guarantees your deposit if the bank goes bankrupt. This law keeps them from doing that. Pssst by the way the FDIC only has insurance money in reserve enough to pay about 1 cent on every dollar deposited. Did you really think the FDIC was fully backed to repay every depositor in this country? You really are ignorant.
"FDIC insurance protects you from losses if your bank goes belly-up. You think of the bank as a very safe place for your money, but banks loan your money out and invest it in a variety of ways. If those investments go sour, what happens to your money? This page discusses how FDIC insurance works. For more information on the FDIC in general, see Overview and History of the FDIC."
http://banking.about.com/od/savings/a/fdicinsurance.htm

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Patty you really can't blame people for being skeptical about banks or the government stealing money. My husband is a very smart, reasonable man but thinks Im crazy with conspiracy schemes. I think he simply prefers not to think about it, he like others in my family have acute normalcy bias. So he will not take money out of the bank, that's how he's always done it and that's how he's going to continue. I myself, on the other hand, get my paycheck by paper (this way it's only going through one bank- the one that cut the check- and not 2. ) I then take that paycheck up to the currency exchange and pay all my debts cash. I am not fool enough to think my way of doing it is foolproof- but it's the best I can do to minimize risk.

There are many states, WI being one, where even the option I have is not allowed. They are "required electronic pay states", i.e. all payroll payments and government payments MUST be made electronically, either into a bank account or onto a pre-paid debit card. States with this law make me nervous. All that would be required to shut down the entire state would be a simple interference in electronic payments. You have to wonder why states such as WI implemented these laws -fundamentally, what difference does it make to the state how a person gets paid? It only makes sense if they want to track your money.

The fact that Cameron came out and stated this openly already proves to Mr Hatfield that the laws are in place for this should the time come- Mr Cameron could not threaten something he was legally unable to do.

I hope you are wrong though, lol. (Tongue-in-cheek)

I don't blame them for being skeptical but I h**e when people lie to me and that has been all our gov has done to us since 2001. I used to hope I was wrong to but I don't think I do any more. I have seen the abuse of other nations and our own people by the stewards of the world reserve currency status elites. A global SDR currency of some sort is coming and they are scared because they wont be able to "print" more debt when ever they chose. It will have to be backed by something other than false promises as that approach has failed miserably.
If that is what it takes to stop these Corp. wars then so be it. No more blood shed for the USD would be worth it.

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Yes, the SDR is coming, and so is a global money market run by the world banks. It's not a matter of if it's a matter of when. The problem is, the world banks are more corrupt than our sovereign banks and so it will get worse not better. Of course, they will promise the world to get it to go through.

For years we have accepted future payment as regular pay, (pensions, social security, etc) and our government is going to be unable to fulfill their promised obligations. That in and of itself proves that the government is going to have to do something.

Coming to a bank near you.
"Submitted by Martin Armstrong via Armstrong Economics,

David Cameron has come out and argued that taxes will rise unless he can raid bank accounts in the UK. Cameron argues he will “have to put up taxes” unless tax officials are given draconian powers to raid people’s bank accounts if they think they even owe money. Trust me – all politicians share ideas. Obama is already conniving a way to do the same thing – you can bet on that.

There is no elite private conspiracy of some dominating group. That implies some comprehension of what is even possible. I have sat in the room with such people and these conspiracy stories give these people way too much credit for being intelligent. Nobody smart enough to handle the job ever seeks such positions. Governments are run by lawyer-politicians who think they need only decree some law that solves the problem. They understand nothing. Why should people keep money in a bank in the UK after Cameron makes such a statement? He is way too stupid to realize people act in anticipation.

If I said I was going to punch you in the face, would you stand there or act in anticipation like move or fight back? Politicians cannot get this through their head that the economy functions always in anticipation of future events. They are just crazy – although not out of their mind entirely just yet. They can read a script, but they are incapable of understanding the people or math.

These people are simply beyond control. All they can see is the immediate issue to survive day-by-day. They have absolutely zero comprehension of what they are doing and even less understanding of what happens when there is no more money they can raid. Those at the helm of the world need no elite-conspiracy. They are too stupid to have long-term plans beyond 30 days. This is how Empires Collapse – they are following the precise step-by-step guide for total chaos."