Frank Dodd bill as of January 1, 2014

[StreetsOfGold]

Can anyone confirm if this is true?

http://whyamericansaredumb.com/january-1-2014-all-americans-will-bail-out-the-banks/

January 1, 2014 All Americans Will Bail Out The Banks (http://whyamericansaredumb.com/january-1-2014-all-americans-will-bail-out-the-banks/).
Under the Dodd Frank bill all currency placed into a American bank
account is no longer secure after January 1, 2014.
That includes Federal credit unions.
Frank Dodd bill declares bank depositors you and me as unsecured creditor’s of the bank.
This is how bail ins will take place in America.
Depositors are no longer depositors.
Bank’s now own your deposit by law.

[woodman]

I can't find anything showing where this legislation enables bail-ins. It could be true and I would not doubt it a bit but won't believe it until I see the writing in the bill.

[mick silver]

could this be about what the young people buying the t bonds for there retirment are part of it anyways

[Glass]

I think they are talking about deposit guarantees provided by the Govt. So up to a fixed amount of $$ the govt will guarantee to reimburse you should the bank collapse. If the guarantee was for $150,000 and you have $200,000 in your account, you would be reimbursed $150,000, losing only $50,000. Now that 'safety net" is removed meaning there will be no reimbursement on any dollars meaning a loss of $200,000 not $50,000.

??