Tag Archives: FDIC & Bank Of England Create Resolution Authority For Unlimited Cyprus-Style “Bail-Ins” For TBTF Banks!

FDIC & Bank Of England Create Resolution Authority For Unlimited Cyprus-Style “Bail-Ins” For TBTF Banks! – 30 March 2013

bank-of-england-logoFDIC*BREAKING SD ALERT*

On Wednesday, SD broke the news that Canada had buried a provision for depositor bail-ins for systemically important banks deep inside its official 2013 budget, and stated that theCypriot bail-in was not just a one-off event, but is in fact the new collapse template for the entire Western banking system.

We suspected that the same policy change had been made by the US & the UK, but was simply yet to be discovered, buried in the website of a Federal agency.

We suspected correctly… Continue reading