'The New York Fed has introduced a framework to give banks the right
to suspend account withdrawals at will to defend against financial
panic. The shadow central planners have proposed new contigency plans to
prevent the Great Depression style bank runs that are hitting Europe
from spreading to America.
Their solution is the creation of a framework that consists of
“capital controls” which allow financial institutions that find
themselves in hot water to limit or outright suspend customer account
withdrawals.'
Read more: Too Big To Fail – Fed Proposal Allows Banks To Seize Your Money
