Relevant:
- Swiss Join Depositor-Confiscation Bandwagon With New "Bail-In" Law
- The "Dijssel-Bomb" - Bail-Ins "Templatized"
- Turk - Unspeakable Financial Destruction Is Headed Our Way
- JPMorgan's Depositors Needn't Worry About Its Gambles
- Think Your Money is Safe in an Insured Bank Account? Think Again - Ellen Brown
2013-04-03 — sprott.com
``Governments around the world are finally beginning to realize the gravity of the risk that exists in their banking sectors. The EU has decided to build upon the new template of the "bail-in" regime. The US, UK and Canada have all followed suit. This puts the onus squarely upon the depositor. The depositor is a lender to the financial institution that he banks with. However, most depositors naively assume that their deposits are 100% safe in their banks and trust them to safeguard their savings.''
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