This last month has shown America that society will gladly tolerate vigilante violence, provided a vigilante chooses the right target.
bail-ins
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Handing Bankers a Win-Win, Eurocrats Authorize Bailouts – and Bail-Ins
The new deal may be illegal under rules of the E.U. Parliament, but it is being rushed through to lock taxpayer and depositor liability into place before the dire state of Eurozone banks is exposed.
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Depositors Beware: Bail-In Is Now Official E.U. Policy
E.U. ministers recently agreed on a plan that shifts the responsibility for bank losses from governments to bank investors, creditors and uninsured depositors. What might this mean if it happened in America as well?
