Nice idea, but I seriously doubt that many of us have such an excess of funds to send to foreign banks-rather like those who post that we must all “send a large donation” to this or that political candidate in every campaign, some don’t realize that not everyone-such as older blue collar people-can afford that stuff, so we’ll work to change things here so concierge works for us. And why would I trust a foreign bank in this economy if I had the money to put there?
“And why would I trust a foreign bank in this economy if I had the money to put there?”
Because many are far, far better capitalized and have far, far better reserves and liquidity than any US bank.