Banks are about to get worse
Introducing the world of “bail ins”
Banks to cover next round
of losses with your cash
Banks are about to get even worse…
How is that possible you might ask?
After the 2008 Wall Street-created financial system collapse, laws protecting depositors were radically weakened.
Here’s what it boils down to:
The next time the banks fail (and count on it, they will fail again), instead of bailouts banks will be allowed to reach in to depositor accounts to cover their losses.
This is not a conspiracy theory. These are the new laws.