Tuesday, 25 June , 2019

bail-in

Depositors – Not Taxpayers – Will Take the Hit for the...

By Barbara G. Ellis, Ph.D. August 08, 2018 The Federal Reserve’s recent undermining of the Volcker Rule brings depositors closer than ever to a Cyprus-style “bail-in”...

After Greece and Cyprus, they prepare to attack Italy

A spectre is haunting Europe – the spectre of banking collapses in Italy, which could lead to renewed crisis in the eurozone, and a wider banking crisis affecting other countries with high exposure to Italian bank debt. Italy’s banks are in deep trouble, weighed down by €360bn of bad debt (“non-performing loans” in the jargon), equivalent to a fifth of Italy’s GDP (and about 18% of all the banks’ loans).

A Crisis Worse than ISIS? Bail-Ins Begin

By Ellen Brown While the mainstream media focus on ISIS extremists, a threat that has gone virtually unreported is that your life savings could be...