Australia's Banks Are Preparing To Bail-In Retail Bank Deposits
Economist John Adams and Analyst Martin North examines recent changes to the terms and conditions from our major banks. Have you read yours recently? https:/...
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Comment by cheeki kea on February 17, 2020 at 2:26pm
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Sounds like a good idea Chris.
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Comment by Chris of the family Masters on February 17, 2020 at 1:02pm
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Here's the remedy. There is a contract between you and a bank to safeguard your money. Under contract law any changes to the original contract have to be agreed upon by both parties.
Unilateral contract changes are unlawful.
Demand the new, changed terms and conditions from the bank.
Cross out the problematic passages and initial pages.
Send it back to the bank. They will have no leg to stand on.
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I see all the ugly truth is being revealed from the royal commission on Banking, All trust and confidence in banks Lost and Gone Forever. That would explain why here they dangle the bank deposit guarantee carrot of say 40k, as they haven't confirmed what it is. It's a joke really, so bad that they may as well coat the carrot in hundreds and thousands and say Here have a sugar rush instead, because of the derivatives they are all into at 2.77T. - when last revealed. The jokes so bad it's a laugh.
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Comment by James Roberts on February 16, 2020 at 3:00pm
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Good news (???). Dare we hope?
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Banksters are going down, and it's happening everywhere. Hold on to your coupons by keeping them in a safe at home, even better- buy gold and silver.
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