From what I have been reading a bail-in is just not on the table.
A bail in can only happen one time. The system would implode right after it happened.
Without trust in the banking system, no matter how misguided that trust is everything collaspes.
Also as of right now it is too easy for the people in control to print free money before they would be forced to allow a bank bail-in.
Then again anything is possible.
I went crazy paying off my mortgage this year. I had a 30 year mortgage that I paid off in a little over 7 years.
I did it just for this reason. On th eoutside chance that there was a bail-in you could lose your deposits..even the FDIC insured deposits. Yet you still have to pay off your loans.
Mathematically anybody that qualified for a 30 year mortgage can pay off that mortgage within 7-9 years as long has their income is still qualified (The qualification is based on the interest rate they are paying not whatever the current interest rate is)
From what I have been reading a bail-in is just not on the table. A bail in can only happen one time. The system would implode right after it happened. Without trust in the banking system, no matter how misguided that trust is everything collaspes.
Also as of right now it is too easy for the people in control to print free money before they would be forced to allow a bank bail-in.
Then again anything is possible. I went crazy paying off my mortgage this year. I had a 30 year mortgage that I paid off in a little over 7 years. I did it just for this reason. On th eoutside chance that there was a bail-in you could lose your deposits..even the FDIC insured deposits. Yet you still have to pay off your loans.
Mathematically anybody that qualified for a 30 year mortgage can pay off that mortgage within 7-9 years as long has their income is still qualified (The qualification is based on the interest rate they are paying not whatever the current interest rate is)