Antares
A Rooincarnation
- Nov 7, 2012
- 10,139
- 1,247
"A 2010 financial-reform law sets up a “bail-in” program that puts U.S. bank depositors at risk, according to a new report."
"“The Dodd-Frank Act of 2010, among other things, codifies a bail-in. It ensures that the United States can conduct the type of bail-in that we saw in Cyprus in the end of March this year,” said Leandra Bernstein, of LaRouchePAC."
Me......what does that mean?
"Instead of repeating the widely unpopular bank bailouts of 2008 and 2009, Dodd-Frank authorizes the Federal Deposit Insurance Corp. to recapitalize failed financial institutions by confiscating customers' deposits."
How Dodd-Frank sets up bail-in for U.S. banks to follow Cyprus - Washington DC News Examiner.com
This isn't funny and this isn't partisan..."We the fucking people" better speak the fuck up.
"“The Dodd-Frank Act of 2010, among other things, codifies a bail-in. It ensures that the United States can conduct the type of bail-in that we saw in Cyprus in the end of March this year,” said Leandra Bernstein, of LaRouchePAC."
Me......what does that mean?
"Instead of repeating the widely unpopular bank bailouts of 2008 and 2009, Dodd-Frank authorizes the Federal Deposit Insurance Corp. to recapitalize failed financial institutions by confiscating customers' deposits."
How Dodd-Frank sets up bail-in for U.S. banks to follow Cyprus - Washington DC News Examiner.com
This isn't funny and this isn't partisan..."We the fucking people" better speak the fuck up.