| Paul&John |
05-07-2016 03:14 AM |
Quote:
Originally Posted by Paul
(Post 20879684)
Read up on the new 2016 EU bank Bail Ins that have been implemented for the next round of financial problems.
Source
Source
The last place you want to have money is in a bank :2 cents:
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It just basically says, that first the shareholders etc should bailout/in the bank, instead of taxpayers, which is a good thing. Everyone bitched about usa/eu bailing out big banks (too big to fail etc), now they want to do the opposite and still everyone will be bitching :) Someone has to take the loss, if its not the state (taxpayers), then it has to be everyone who has money there.. But:
Quote:
The theory is that shareholders should take the first hit because they know they are risking their money. If that isn?t enough to stabilise the bank, subordinated bondholders should step up because they too should know such investments are risky. Next in line are senior bondholders and, finally, uninsured depositors ? which, in the EU, means those with more than 100,000 euros in their accounts. The small depositors should not be touched.
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So if you have like two zillion euros, like I'm pretty sure everyone got on gfy, then you divide that money into 100.000 eur packages and put all those in different banks and you will be fine. (different banks should be I think really different banks, not just banks going under different names, but with the same owner) |
