Watch Your Cash!: New BAIL-IN Rules Will Force "Failed Bank" Losses on InvestorsSubmitted by emalvini on Tue, 06/18/2013 - 09:40
Watch Your Cash!: New BAIL-IN Rules Will Force "Failed Bank" Losses on Investors
June 18th, 2013
When the Cypriot government forced account holders to cover bank losses earlier this year most of the world assumed this was a one-off event, limited only to the people of Cyprus.
Though warnings urging depositors to get their money out of banks spread across the world, few have taken them seriously.
Perhaps now they’ll reconsider.
We’re all familiar with bail-outs, as in the government rescuing failed institutions, namely banks, by injecting them with tens of billions of dollars to prevent collapse.
But have you ever heard of a bail-in?