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The Magic Cafe Forum Index » » Not very magical, still... » » All the major governments have agreed to steal bank customers dough (0 Likes) Printer Friendly Version

tommy
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Eternal Order
Devil’s Island
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The pretext?
Financial stability, of course.

http://barnabyisright.com/2013/04/01/g20......in-2010/

Cool
If there is a single truth about Magic, it is that nothing on earth so efficiently evades it.

Tommy
balducci
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Canada
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Well, the text of the agreement appears to say just the opposite when it says the idea is to implement measures so that taxpayers will not be exposed to a risk of loss. I think it is more about making sure that the banks take a more conservative approach, invest more conservatively, increase their solvency ratios, and do not use as much leverage in their business as they did.

Sorry, I do so hate to ruin a good conspiracy theory. Smile
Make America Great Again! - Trump in 2020 ... "We're a capitalistic society. I go into business, I don't make it, I go bankrupt. They're not going to bail me out. I've been on welfare and food stamps. Did anyone help me? No." - Craig T. Nelson, actor.
tommy
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Eternal Order
Devil’s Island
16200 Posts

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When they 'Bail-in' to avoid government bail-outs and you have your money on deposit there then you will find out what it means the hard way.
If there is a single truth about Magic, it is that nothing on earth so efficiently evades it.

Tommy
The Magic Cafe Forum Index » » Not very magical, still... » » All the major governments have agreed to steal bank customers dough (0 Likes)
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