The FDIC is preparing for a huge wave of small bank “failures” in the Midwest:
The FDIC is opening up a massive new satellite office in the Chicago area that will be dedicated to managing receiverships and liquidating assets from failed Midwest banks… The office space that the FDIC is leasing is well over 100,000 square feet and will employ approximately 500 temporary employees and contractors.
The FDIC has already opened similar offices in Irvine, California and Jacksonville, Florida. Each time, the number of bank failures in those states increased dramatically after the FDIC opened those facilities.
These “failures” are almost always forced takeovers by the FDIC where the assets are then redistributed to much larger banks for pennies on the dollar. The same thing happened in the depression of the 30’s and is the whole purpose of the current engineered “crisis”.
For the first wave of bank coups, see the archives on this blog. Many more to come it appears.