Quote from: andrei214 on February 28, 2018, 12:01:16 PM

Quote from: g2com on November 30, 2016, 02:50:28 AM

My bank closed my account last year for no reason, and all money in my account was gone. I argued with the bank, even contacted the local government, no use. My bank just stated that "Pursuant to the CMA Disclosure and Agreement, 'THE BANK, at its discretion, may elect not to accept an account, terminate the account agreement and the account agreements of any related parties'. Both parties to the agreements have the right to end the relationship at any time and neither is obliged to provide a basis for such a decision to terminate". No single word explaing the termination was given to me. I contacted all banking lawyers online, and they were all representing the bank, not the customers. The money I lost can buy a new Mercedes. However, banks around the world now are too powerful. They are too big to fail. When you open an account in the United States, and probably also many other countries, you voluntarily give up the rights to sue the bank under their arbitrage clause. Even worse, they define the financial laws and enforce them. They can close your account, freeze and steal your property and evict you from your house. The more money you deposit into your bank account, the more you are helping the evil. I'm glad to see Bitcoin is changing all of these. Let banks die!

Even if everyone hate banks, we couldnt still make it lost or die.Because, there are still many people who continue to trust and depend in banks.Maybe, it was just a mistake that banks need to pay attention to it and didnt let it happen again.Because if that happens again, maybe people would really lose there trust and didnt trust banks anymore.

Yeah laws should be balance between right and obligations its your right to claim what is for you and obligation of the bank to give what exactly for you. But most of the time banking institution are protected by the government because most of the law maker are being lobbied by bank institution and consumer protection law is weaker. When the bank declare bankruptcy only amount you can get is the amount covered by insurance. That is why I cannot say that bank is a safe for investment.