Quote: (01-28-2014 10:28 PM)BIGINJAPAN Wrote:
Secondly a deposit( your money ) is a liability to a bank... YOU ARE CONSIDERED AN UNSECURED CREDITOR TO A BANK. All governments and courts will recognize that and you will have no chance winning that in a court battle in any country
But isn't the customer's deposit insured anyway by a third party, like by the FDIC in the case of US banks?