Because of the seriousness of the banking crisis I will once again try to tackle the issue. The global banking picture looks worse and worse. I believe that one way to save the depositors is to quasi nationalize the tier one big banks, with the government effectively doing this recently
“So much for blaming energy, climate change, carbon, or Ukraine or….. Ahh Putin!!!” We all know it all starts with printing huge amounts of currency to feed the political beast and its cohorts. Is Credit Suisse the proverbial canary in the coal mine? A run on the bank which has
A “bail-in” is another form where banks and financial institutions are rescued and where the responsibility is transferred from taxpayers (in the case of a bail-out which is what happened in the 2009 Global Financial Crisis) to depositors, which is you in this case, the depositor.
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