Big Banks Getting Ready to Plunder Customers

The big banks are putting the finishing touches on their plan to rip off their own depositors to cover their stupidity, instead of taxpayers. How nice. Via Reuters: “G20 edging towards deal on ‘bail-in’ bond cushion for banks Government leaders are expected to agree in November that the world’s top banks must issue special bonds to increase the amount of capital which can be tapped in a crisis instead of calling on taxpayers to come to the rescue, industry and G20 officials said. The bonds, Read more […]