Tag Archives: U.S. Banks Told To Prepare For Financial Collapse

NaturalNews – J.D. Heyes – U.S. Banks Told To Prepare For Financial Collapse – 16 August 2012

banks(NaturalNews) Is the nation and the world headed for another financial meltdown? You would think so, judging by what U.S. banks have been told to prepare for by regulators.

According to documents obtained by Reuters, officials from the Federal Reserve and the U.S. Office of the Comptroller of the Currency have directed five of the country’s top banks -Bank of America, Goldman Sachs, Citigroup Inc., Morgan Stanley and JPMorgan Chase & Co. – to develop plans for preventing a collapse if they once again faced serious problems because they wouldn’t be able to count on government assistance. Continue reading

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