Cyprus-style bail ins... thats what the G20 decided would be the solution when (not if) the TBTF banks collapse again under the weight of their continued risky behavior. The banks will have to figure out how to recapitalize themselves and, in the usual privatize the profit, socialize the risk modus operandi, they have done this. Shareholders, bond holders and depositors will recapitalize the banks for their speculation on commodity derivatives. The preponderance of the capital they will use to bail themselves out will come from the depositors. Think FDIC has you covered? Think again... like our government, its over-stretched, in effect, bankrupt b/c there isnt enough insurance to back all your deposits. There are over $280 TRILLION in outstanding derivatives. Think about all the derivatives losses due to the geopolitical war going on with the oil prices right now.... this is just for starters. https://youtube/watch?v=_8sd6gFt-Lc&feature=em-subs_digest
Posted on: Tue, 06 Jan 2015 15:18:21 +0000
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