St. Maarten Private Eye

It's been 15 years since the law protecting bank account holders in the Netherlands Antilles against crises in the financial sector has never been enacted.
Which means that if there's a crises your saving are not protected. The article 39 ,which protect sbank account holders in the commercials is not regulated.
Bank account holders in the Netherlands , however are gauranteed up to 100.000 euros.
The article appeared today in the Daily Herald.
This is very scary considering the world banking markets today.
Some of the biggest banks are folding and depositors are protected up a certain amount. We will not be immune to the trend. I would assume that our local commerical banks also use deposits to invest in low and high risk funds, whether they are government bonds or futures.
According to the Central Bank, our commercial banks show 710.5 million in required reserves deposited at the bank to cover liabilities to deposits.

We need our Parliament members to come out and enact the law protecting depositors just like those in the Netherlands.