WebDec 8, 2014 · When that happens, our deposits, our pensions, and our public investment funds will all be subject to confiscation in a “bail in.”. Perhaps it is time to pull our money out of Wall Street and set up our … WebJul 15, 2013 · Under the FDIC/BOE joint paper, accounts could be seized by the failing bank and converted to stock equity as part of a “bail in” scheme — although the stock would be worthless because the bank would have already failed. Don’t be deceived into thinking the “bail in” is a European heist.
Cyprus, Greece and Beyond: The "Bail-in" and …
WebDec 1, 2014 · Cyprus-style confiscations are to become the law. Rather than having their assets sold off and closing their doors, as happens to lesser bankrupt businesses in a capitalist economy, “zombie” banks are to be kept alive and open for business at all costs – and the costs are again to be to borne by us. WebOn 25 March 2013, a €10 billion international bailout by the Eurogroup, European Commission (EC), European Central Bank (ECB), and International Monetary Fund (IMF) was announced, in return for Cyprus agreeing to close the country's second-largest bank, the Cyprus Popular Bank (also known as Laiki Bank), imposing a one-time bank deposit … photocards fanmade bts
Why Bank Bail-Ins Are the New Bailouts - Investopedia
WebDec 2, 2014 · That means they can be “bailed in” or confiscated to save the megabanks from derivative bets gone wrong. Rather than reining in the massive and risky derivatives … WebSep 17, 2024 · Cyprus Bail-ins Come to Canada. by mattehret; Posted on May 12, 2013 September 17, 2024; ... And in this speech, he simply says first, that if bail-ins had existed at the time of Lehman Bros’ collapsing in 2008, instead of losing $150 billion, we could have just lost $27 billion. And then he goes on to say: “Statutory bail-in authority ... WebJul 22, 2015 · Bail-Ins: Cyprus banks confiscated deposits, after the elite and insiders exited early, and they called it a bail-in. ... Mathematically unpayable debt, confiscations of private assets, uncontrolled government spending, unfunded liabilities, missing gold, paper gold, officially sanctioned Ponzi Schemes, pension funds on the verge of disaster ... how does the internet affect us