115 The practice of bail-in should be made illegal, not become the banking norm. This smells like a GIGANTIC scam to me. (expose-news.com) posted 52 days ago by CHIEFW00DY 52 days ago by CHIEFW00DY +115 / -0 63 central banks are implementing Basel III which includes the widespread practice of “bail-ins” to rescue failing banks Yesterday, the Bank for International Settlements announced that its member jurisdictions have made significant progress in implementing the final elements of Basel III. Basel III includes wide acc… 23 comments share 23 comments share save hide report block hide replies
Is this the same as moving the decimal in our currency? Or is this more avoidable by not banking all in one place or keeping things under that limit and spreading things out? I remember Greece years ago but it’s a bit foggy…