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<p>[QUOTE=&quot;Doug Wheeler, post: 2216360, member: 73820&quot;]Two things:</p><p>1. Safe Deposit Boxes are not part of the banking system. Their contents never show up on the books of the bank as a credit, deposit, liability, or anything else. It is really just tradition (and the fact that banks already have security in place) that resulted in banks being the primary renters of SDBs - any company could go in the business of renting out storage boxes/drawers.</p><p><br /></p><p>2. The issue of converting funds to equity is inaccurate. If you read the text, it says &quot;converting a sufficient amount of the <b>unsecured debt</b> from the <b>original creditors</b> of the failed company into equity&quot;. This is about trying to make the original bank&#039;s investors and lenders whole. It doesn&#039;t have anything to do with depositors or deposits. Even though the deposits are liabilities, that doesn&#039;t make the depositor a creditor.</p><p><br /></p><p>This looks like a typical &quot;sky is falling&quot; rhetoric used to justify silver stacking and similar endeavors.[/QUOTE]</p><p><br /></p>

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