A FEW REASONS TO BAIL-OUT OF CORPORATE JURISDICTION
Understanding The Origins Of Coporate Jurisdiction
Bail In………..you have been warned…..
The Bankers EU and the European Commission had “bail-in” plans as long ago as October 2010 for all of the countries in the European Union
Note.- Select 3rd bullet-point heading:
Final technical discussions to prepare the Commission’s proposal for a European framework for bank recovery and resolution
Discussion Paper for the “bail-in” plan. Ref. mark Oct 2010 titled:
Discussion paper on the debt write-down tool – bail-in
Why the Cyprus Bail In Is a Bigger Deal Than You Think
Here We Go Again: EU Lawmaker To Push For Bail-In Resolution Law For Deposits Over €100K
With Cyprus Bail-In, Europe Bids Adieu to ‘Too Big to Fail’
Note.- 1st paragraph, last sentence, reads in part:
“… , and the financial burden shared by creditors and depositors, rather than automatically shouldered by taxpayers.”
Comment.- Depositors are those with a bank account
Covered Bonds Will Be Spared in EU Bail-In Rule, Lawmaker Says
Note.- Paragraph 10 reads:
“The EU faces a self-imposed June deadline to adopt legislation for handling bank failures, which requires approval from the parliament and national governments before it can take effect.”
Comment.- This is just a formality. It will pass. One sure assumption to make is, do not think your money in your bank account will ever be safe. There are no guarantees.
EU mulls bank law to impose losses on depositors
Europe Is Warming to Depositor Theft aka ‘Bail-In’
Everything Is Rigged: The Biggest Price-Fixing Scandal Ever
April 2013 – WHOOOOPS!
At $72.8 Trillion, Presenting The Bank With The Biggest Derivative Exposure In The World (Hint: Not JPMorgan)