Government leaders are expected to agree in November that the world’s top banks must issue special bonds to increase the amount of capital which can be tapped in a crisis instead of calling on taxpayers to come to the rescue, industry and G20 officials said.
The bonds, known as “gone concern loss absorption capacity” or GLAC, are seen by regulators as essential to stopping the world’s 29 biggest lenders from being “too big to fail”. Continue reading “G20 edging towards deal on ‘bail-in’ bond cushion for banks”

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Yahoo News – by Kevin Murphy
Illinois Herald
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IPS – by Carey L. Biron
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Here’s the translation of another article from La Voz de Houston. The original article in Spanish is at the end of the attachment. The EFIO are really pushing the “for the children” meme again.
Zero Hedge –
Quartz – by Max Nisen
The Intercept – by By Ryan Gallagher