#WallStreet gets its way: our deposits are on the line. Excerpt: As Snyder observes, the recent drop in the price of oil by over $50 a barrel – a drop of nearly 50% since June – was completely unanticipated and outside the predictions covered by the banks’ computer models. And with repeal of the Lincoln Amendment, the hefty bill could be imposed on taxpayers in a bailout or on depositors in a bail-in.
Posted on: Fri, 26 Dec 2014 19:14:23 +0000
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