We Just Had A Bank Bail-in, Anyone Paying Attention?

in economy •  8 years ago 

Credit:Youtube/X22Report

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yes i read about it..posted about it they were bought for a dollar to prevent more dominos falling

I believe it was for $1Euro

forgive me....it sure was.... inflation now days...next bank might be 2 euros :-)

what the hell is a bail-in?

Instead of a bail-out where the government pays (by means of citizens taxes). It gets paid from within the bank by investors.