Cyprus Precedent? “bail-in” – rules to impose failed banks’ losses on shareholders, bondholders & “some” large depositors agreed by EU finance ministers
Anyone. Anyone except the banks will do to ‘cover’ the losses of what is essentially their depositors’ money. Even with this kind of track record, the banks are so arrogant today that the’re actually charging clients to lend them their money. They call it a “Deposit Charge” because everything a bank does for you “while looking after your money” is charged to you. You end up using between 80% and 95% of your earnings. Interest? Just another revenue stream for banks – Tom Dennen Continue reading “If You Have A Bank Account In Europe With Over 100,000 Euros In It, get Your Money Out Now”