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14
Can someone please CLEARLY DEFINE what a BAIL-IN is? (media.greatawakening.win)
posted 1 year ago by ProudOfAmerica 1 year ago by ProudOfAmerica +14 / -0
10 comments download share
10 comments share download save hide report block hide replies
Comments (10)
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▲ 4 ▼
– PostNBeam 4 points 1 year ago +4 / -0

Bail out: You take some outsider's money to save the bank. Bail In: You take the depositor's money.

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▲ 1 ▼
– Fuhqreddit 1 point 1 year ago +1 / -0

And does the IRS give a fuck if my bank robs me? Like, do I still owe taxes?

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▲ 4 ▼
– Josewales 4 points 1 year ago +4 / -0

The bank steals the depositors money to pay its debts and save its ass. Your bank account goes to zero, but the asshole bankers save the bank.

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▲ 1 ▼
– CanadianAnon1 1 point 1 year ago +1 / -0

Isn’t this what they supposedly did in China?

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– Fringe--dweller 1 point 1 year ago +1 / -0

Cyprus a couple of years ago, people woke up to find their personal and business accounts were empty - they got an IOU explaining that their cash was used to pay off the bank's debts using the customers deposits.

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▲ 2 ▼
– CanadianAnon1 2 points 1 year ago +2 / -0

Horrible! Thanks for the info.

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▲ 3 ▼
– Jscholl17 3 points 1 year ago +3 / -0

Two words: Legalized robbery.

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▲ 1 ▼
– GimmeMemes 1 point 1 year ago +1 / -0

When the bank steals your money to pay its debts.

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▲ 1 ▼
– stray502 1 point 1 year ago +1 / -0

The bank takes your money and investments to pay off their own debts

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▲ 0 ▼
– deleted 0 points 1 year ago +1 / -1

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