Commodity Trade Mantra

Posts Tagged ‘Bail-in Legislation’

Bail-Ins Coming – EU Gives 11 Countries 2 Months To Adopt Rules

This bail-in legislation which is being driven by the BIS through the Bank of England, ECB, Federal Reserve and Federal Deposit Insurance Corporation (FDIC) appears designed to protect banks by allowing them to confiscate deposits to prop them up rather than the noble stated objective – “to shield taxpayers”.

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