Not so safe deposit boxes...

This woman is an idiot. If a bank fails, the law of bailment keeps a Safe Deposit completely safe. This woman and many other talking heads on TV are utterly idiotic. Absent a natural disaster which blows the bank off the face of the earth, the items remain protected by the law. The idea of getting a metal safe as she suggests is flat out stupid, as modern state approved bank vaults are the safest place in any kind of disaster compared to a portable metal safe, and to suggest people move their assets into the same is borderline insanity.

http://cherylkicksass.blogspot.com/2011/04/why-safe-deposit-boxes-arent-safe-in.html

So if you think your valuables are safe in a deposit box, think again. If you always worried about how safe your valuables were, you weren't being paranoid. California had already spent $5.1 billion dollars of people's safe deposit boxes prior to the 2008 lawsuit and spent all the money like a crack whore. Back during the Great Depression, Franklin D. Roosevelt stole gold out of people's safe deposit boxes, NAZI's seized money and gold from Jew's banks, etc. If there's some national emergency imagine the state and banks would be drooling over keeping your items and locking you out of their bank should it become insolvent.

After the class action, California law has since changed but when times get tougher one may want to consider how despicable banks and the government can be. - See more at: http://cherylkicksass.blogspot.com/2011/04/why-safe-deposit-boxes-arent-safe-in.html#sthash.4Epc8cFo.dpuf

Absolute nonsense.

Yeah just like this...

2seaoat wrote:Absolute nonsense.

You have such a sterling track record.