FED Plan of New Bail-In the Banks with Tax Payers Money.

The U.S. Plans To Bail-In The Banks – Federal Reserve Vice Chairman

smaulgld.com

 Bank Bail-ins are coming to the United States

 http://dollarvigilante.com/sites/default/files/images/marinka040813.jpg
In a speech yesterday, in Stockholn Sweden, Vice Chairman of the Federal Reserve and former governor of the Bank of Israel and former chief economist at the World Bank, Stanley Fisher noted:
“As part of this approach, the United States is preparing a proposal to require systemically important banks to issue bail-inable long-term debt that will enable insolvent banks to recapitalize themselves in resolution without calling on government funding–this cushion is known as a “gone concern” buffer.”
Mr. Fisher gave no details as to whom in the United States was preparing the bail-in proposal and what “bailinable long term debt” is.

It Happened in Cyprus, But Can It Happen Here?

In spring of 2013 the failing European Bank of Cyprus performed a bail-in that required depositors to help save the bank by foregoing a large portion of the money they had deposited in the bank. In return for their forebearance, depositors were given equity shares in the failing bank.

Customers who deposit money in banks are lending that money to the bank. Depositors are in effect, unsecured creditors. If the bank fails, depositors get in line with other unsecured creditors to see how many cents on the dollar, if any, they can retrieve.
In the United States to offset this result, the Federal Deposit Insurance Corporation (FDIC) since 1933 insures bank deposits up to $250,000*. THe FDIC, however, is woefully underfunded to handle payouts in the event of a large bank failure. The new proposal is designed to allow failing banks to get back on their feet “without calling on government funding.”

Under the proposed bail-in scenario, the faiure of a “sytematically important bank” (a.k.a. “too big to fail”) will receive no government funding to stay afloat. In order to keep their casino doors open, a too big to fail bank will just call on their loyal depositors to help out by taking whatever percentage of the depositors’ money they need to stabilize the bank.

Views: 690

Reply to This

Replies to This Discussion

HERE COMES THE “CYPRUS EFFECT” – BANK BAIL-IN

Whats this have to do with your local bank – will it affect you….

Most definitely Your account(s), Unsafe Deposit Box, pension fund account, savings account, debit card account will be subject to the same treatment that those Cyprus bank customers experienced.

When you deposit you are an Unsecured Creditor (join that line over there sir for FDIC claims. A line that extends to the end of Main Street). Despite 10% being paid by all banks to that agency for bank deposits, there are not sufficient reserves to cover the $250,000 per customer.

Forget the line, head to the hardware store and get some rope while supplies last. (A group of customers have converged on the rope and twine department and the salesman asks if he can assist. “Yup, let me have some of that Nº 16 rope, about 15 yards should do me. I need to hurry back to the bank before it Closes”. “Well we are out of that but I have the Chinese of the same size on sale”)

People it’s time to Clear Out Your Accounts before they Refund your already Broke Bank. After you do that you might still get that rope to mimic what the forefathers did to Crook bankers.

Tar and Feather was another old method that kept that ilk in line for 80 plus years. “Ed you and Phil cut up some more of the old oil drums so we can heat up the rest of this tar. Betty and the girls are collecting old feather pillows down at the church where Ted and his group are rounding up the bank officials – those that have jumped out their office windows”.  

History in the making – Stranger than Reality. Is it going to be your reality or Theirs?

NOTE: Where did most of the money go ...

need to go all "Iceland" on these bankster fooks....

Pumping more air in the bubble.

Step one:  Don't keep any money in any banks.  Buy a good safe (hide it/bolt it to the floor/wall)  and keep your money at home.

Step 2:  Hang the bankers/criminal thieves

~~~O>-/p>

They are probably gonna try this again. I hope there are enough people with guts that will tear their damn banks down as the did in Greece and other places. Thanks, sharing!

RSS

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

Less Prone commented on Doc Vega's blog post Was Sabotage or Terrorism used in the Collapse of the Francis Scott Key Bridge?
"Perfect for destroying the supply chain. It could well have been intentional."
48 minutes ago
Less Prone favorited Doc Vega's blog post Was Sabotage or Terrorism used in the Collapse of the Francis Scott Key Bridge?
49 minutes ago
Doc Vega posted blog posts
2 hours ago
rlionhearted_3 posted photos
5 hours ago
rlionhearted_3 favorited Doc Vega's photo
5 hours ago
tjdavis posted a video

Alabama’s Biggest Secret - Operation Paperclip 🇺🇸

In the north of Alabama is the city of Huntsville. It's here where German scientists built NASA in secrecy after World War II. Operation Paperclip is still s...
9 hours ago
tjdavis posted a photo
10 hours ago
Doc Vega commented on Doc Vega's blog post Americans You’re Being Squeezed Out!
"Cheeki kea always nice to her you chime in and you're damn right! "
yesterday
Doc Vega commented on Doc Vega's blog post Americans You’re Being Squeezed Out!
"Les Prone thanks for your support Dude! "
yesterday
Doc Vega posted a photo

The inconvenient truth

Trump spells it out!
yesterday
Sandy posted a photo
yesterday
Less Prone favorited Doc Vega's blog post What Made the Founding Fathers of America so Brilliant?
yesterday
Less Prone commented on Doc Vega's blog post Why didn't the Archeological World Announce Proof that Jesus Lived?
"Motives of Joe, to shit in the well by showing totally irrelevant proof?"
Tuesday
Doc Vega commented on Doc Vega's blog post Why didn't the Archeological World Announce Proof that Jesus Lived?
"Less, Motives of Wyatt or Joe? What archeologist wouldn't want proof of Jesus as part of his…"
Tuesday
Doc Vega commented on Doc Vega's blog post Why didn't the Archeological World Announce Proof that Jesus Lived?
"Less Prone, Considering Joe Rogan to be the gatekeeper of anything is just short of ridiculous the…"
Tuesday
Doc Vega posted a blog post
Tuesday
MAC posted a video

Don't Go To Hong Kong Now (Even on Connecting Flights)

Secure your privacy with Surfshark! Enter coupon code laowhy86 for an extra 3 months free at https://Surfshark.deals/laowhy86Article 23 in Hong Kong is real,...
Tuesday
cheeki kea commented on cheeki kea's video
Thumbnail

Terrorist Attack on Moscow - Ukraine Committing Suicide? | Larry C. Johnson

"...And I guess I'll just park this you tube here also for something to ponder from last year.…"
Tuesday
tjdavis posted photos
Tuesday
Less Prone posted a video

Climate: The Movie (The Cold Truth) NL

Deze nieuwe documentaire van de Britse filmmaker Martin Durkin toont aan dat klimaatalarm een verzonnen doembeeld is zonder enige wetenschappelijke basis. He...
Monday

© 2024   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted