excuse my ignorance but what is a Bail-in? I think the UK is gona try backtrack on Brexit, at least they will do what they can in the deal to minimize the out come, like they will be out but still in and it'll probably cost them more than they were paying before.
There is no coincidence that Brexit happened. They knew what was coming. America has already enabled it to legalize in law thanks to democratic senators Dodd & Frank. The Dodd/Frank act is a guise to seem like they tried to save America from another Bail-Out and then they will blame the banks for Bailing-In. Bad enough they allowed the first Bail-Out only to sucker us to an IN. They will turn the FDIC into an insurance clearing house for the banks. Let me see if I can find better info to catch you up to speed...
Original Article and she predicted the 2008 Debacle.
https://ellenbrown.com/2015/12/29/a-crisis-worse-than-isis-bail-ins-begin/Italy briefly... EU basics...
https://www.dollarvigilante.com/blog/2016/01/26/italian-bank-panic-bail-in-the-next-domino-to-fall.htmlFDIC there is more info on this I just can't find the best article on how they will dupe us...
But the banks would still have to spin off certain riskier derivative transactions "that helped bring American International Group Inc. to the brink of failure in the 2008 financial crisis."
Similarly, the Fiscal Times concluded that the cromnibus provision does not mean "that when banks lose money on swaps and derivatives trades, the Federal Deposit Insurance Corporation will have to make them whole. It also doesn’t suggest that, when a bank fails, the taxpayers have to bail out depositors.
"The money the FDIC holds in the Deposit Insurance Fund, and uses to reimburse depositors in failed banks, doesn’t come from taxpayers. It comes from the banks themselves. Secondly, there is no sense in which the FDIC is on the hook to make banks whole if a swaps deal or derivatives trade goes bad. The FDIC insures deposits – hence the name – not the bank itself."
