h/t: The Market Ticker, Seeking Alpha
Seen on a recent Citibank (C) statement: "Effective April 1, 2010, we reserve the right to require (7) days advance notice before permitting a withdrawal from all checking accounts. While we do not currently exercise this right and have not exercised it in the past, we are required by law to notify you of this change."
Click image to enlarge.
Karl Denninger adds: Note that the date on that file is 12/28/2009 (by the name) with an effective date of January 1st, 2010, and there is nothing that indicates it is not the case everywhere.
~ ~ ~
Citigroup Inc. has the world's largest financial services network, spanning 140 countries with approximately 16,000 offices worldwide. The company employs approximately 300,000 staff around the world, and holds over 200 million customer accounts in more than 140 countries. It is a primary dealer in US Treasury securities. [George Soros has $313 million invested in Citi shares.] -- Wikipedia
~ ~ ~
"How can they call this 'musical chairs' when there isn't any music?"
0 comments:
Post a Comment