Tag Archives: deposit robbery

Austrians Take Bail-In Plan To Court, Leading Cypriot Denounces EU’s Bail-In Theft

Austrians Take Bail-In Plan To Court At least two of the insurance companies that are affected by the planned bail-in at Hypo Alpe Adria Bank, namely Wiener Städtische and Uniqua, have announced that they will take the expropriation legislation of … Continue reading

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Swiss economist: Glass-Steagall or Bail-In

“Five years are gone since the last financial crisis and economic fundamentals have worsened. The current lull must not be a ground for rejoicing but for worrying. Swiss economist Alfonso Tuor warned of a coming financial collapse and of a … Continue reading

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World Braces for Next Financial “Storm”; Bail-in Bonds sold to Consumers

An unnamed official at India’s central bank, the Reserve Bank of India, told Reuters that the country fully expected to be hit again by capital flight and chaos in the international financial markets, as had happened a few years ago. … Continue reading

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European Parliament Votes Big Quantitative Stealing (Bail-In Regime)

With a vote in the European Parliament two days ago, the final seal has been put to the bail-in legislation and the Bank Resolution Mechanism for the European Union. Now the legal text must be put into practice, and it … Continue reading

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Only Glass-Steagall Will Work against Financiers

The Eureka Times Standard of California published a strong, to-the-point letter to the editor on April 2 from reader Arthur Miller, titled “Beware of ‘bank bail-in’ hazard.” “Are your deposits safe in banks? No,” he writes. “Why? It’s called bank … Continue reading

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IMF-Conditioned Bank Bail-in in Ukraine May Be Imminent

The IMF may be preparing to force a “bail-in” of bondholders by Ukraine banks — one which could escalate to depositors — and strong country- and bank-bond sell-offs and depositors’ runs are already reported underway at Ukraine local banks and … Continue reading

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No to Bail-In: Leading Economist Says Hoenig Is Right, Dudd-Frank Wrong

A lengthy article by former IMF chief economist Prof. Simon Johnson calls FDIC vice chairman Thomas Hoenig’s debunking of the ‘bail-in’ menace on Feb. 24, “Truth from the Top” and “a devastating critique of the existing [Dodd-Frank] order.” Johnson called … Continue reading

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European Parliament Okays Bail-Ins

Coming as no surprise at all, the European Parliament gave its official go-ahead for the bail-in “approach,” in a decision Dec. 11. The policy will be implemented with an EU directive, entering into force on January 1, 2015, and the … Continue reading

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Japan Has Been Sucked Into WWIII

On Thursday, the Bank of Japan announced an unprecedented “Quantitative Easing” plan, rightly characterized as “one of the largest monetary injections ever announced by the central bank of a major developed economy.” The BOJ intends to double the monetary base … Continue reading

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More Calls and Coverage of the Need for Glass-Steagall Restoration

Perhaps stimulated by the trembling of the world’s economic and financial systems, trenchant remarks continue to be published on the need for restoration of Glass-Steagall. * Bloomberg Money News reports that Brooksley Born (former head of the CFTC who opposed … Continue reading

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