International Banking Expert and Professor, Andreas Rauterkus, Discusses Possible Levy on Bank Accounts

Andreas RauterkusIt seems like a ridiculous thing to have to ask: could the U.S. government arbitrarily take 10 percent of your savings directly from your bank account?
 
But that's precisely what's being loosely discussed in the European island nation of Cyprus.
 
Hear more from Andreas on al.com about the current situation in Cyprus and possible effects if the U.S. were to choose this route.