Wednesday, June 19, 2013

Watch Your Cash: New BAIL-IN Rules Will Force “Failed Bank Losses on Investors”

Mac Slavo

When the Cypriot government forced account holders to cover bank losses earlier this year most of the world assumed this was a one-off event, limited only to the people of Cyprus.

Though warnings urging depositors to get their money out of banks spread across the world, few have taken them seriously.

Perhaps now they’ll reconsider.