Bank “Bail-Ins” Begin…Watch Your Bank Accounts

Bank “Bail-Ins” Begin…Watch Your Bank Accounts

Your Life Savings Could be Wiped Out

Four Italian banks collapsed last month and depositors lost any savings in excess of €100K. The rescue of the four banks was a “bail-in” – meaning bondholders & depositors suffered losses – unlike the hugely unpopular bank bailouts during the 2008 financial crisis, which cost ordinary EU taxpayers tens of billions of euros.

If your too-big-to-fail (TBTF) bank is failing because they can’t pay off, for example the derivative bets they made [which are off balance sheet] and the government refuses to bail them out, under a mandate titled “Adequacy of Loss-Absorbing Capacity of Global Systemically Important Banks in Resolution,” approved on Nov. 16 2014, by the G20’s Financial Stability Board , they can take your deposited money and turn it into shares of equity capital to try and keep your TBTF bank from failing.

Protect your wealth NOW.

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