New G20 Rules To Impact Depositors and Pensioners

Started by Possumpoint, December 02, 2014, 07:51:23 PM

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Possumpoint

The G20 met on November 16th, held their photo ops, condemned Putin and rubber stamped without comment  the Financial Stability Board's "Adequacy of Loss-Absorbing Capacity of Global Systemically Important Banks in Resolution". This will lead to statutory approval of the rape of depositors and pensioners in preventing collapse of TBTF banks. Cyprus style methods will be used to take depositors funds and place them into capital assets for TBTF banks facing bankruptcy. For further details see url's for blog and news item below:



http://truth-out.org/news/item/27754-new-g20-rules-cyprus-style-bail-ins-to-hit-depositors-and-pensioners

http://ellenbrown.com/2014/12/01/new-rules-cyprus-style-bail-ins-to-hit-deposits-and-pensions/?blogsub=confirming#blog_subscription-3

Possumpoint

Isn't it funny that some of the very actions recommended by the Report out of G20 are to become part of law if the current government funding bill is approved as is. Sure didn't take them long to try to cover it in statue.

european101

I've never understood why is necessary to have G20. Wasn't G8 enough? Why let the devolepement countries to co-create Western world? They don't let us.