Federal Reserve Vice Chairman: Bank Bail Ins Are Coming To the United StatesSubmitted by Smaulgld.com on Tue, 08/12/2014 - 06:14
Bank Bail-ins are coming to the United States
"As part of this approach, the United States is preparing a proposal to require systemically important banks to issue bail-inable long-term debt that will enable insolvent banks to recapitalize themselves in resolution without calling on government funding--this cushion is known as a "gone concern" buffer."
Vice Chairman of the Federal Reserve Stanley Fisher
Alarming, that none of the stories covering Mr. Fisher's speech mentioned the bail-ins