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…
For the most part once you deposit money in a bank account the funds can be accessed and loaned out infinitum by the bank. Technically, the funds aren't really yours anymore. Think about it. If the bank fails you don't get your money back. Why? Because the bank spent it as if it was theirs that's why.