Skip to content
Socio-Economics History Blog

Socio-Economics History Blog

  • About

Socio-Economics History Blog

Socio-Economics History Blog

FDIC & Bank of England Create Resolution Authority for Unlimited Cyprus-Style “Bail-Ins” for TBTF Banks!

April 1, 2013 by mosesman

Trust_Me_I_M_a_Bankster

  • FDIC & Bank of England Create Resolution Authority for Unlimited Cyprus-Style “Bail-Ins” for TBTF Banks! 
    by http://silverdoctors.com/ 
    On Wednesday, SD broke the news that Canada had buried a provision for depositor bail-ins for systemically important banks deep inside its official 2013 budget, and stated that the Cypriot bail-in was not just a one-off event, but is in fact the new collapse template for the entire Western banking system. We suspected that the same policy change had been made by the US & the UK, but was simply yet to be discovered, buried in the website of a Federal agency.
    –
    We suspected correctly… 
    –
    In the introduction, the resolution informs readers that the FDIC and the Bank of England have been working together to formulate the new bail-in model for future bank failures:
    –
    The Federal Deposit Insurance Corporation (FDIC) and the Bank of England—together with the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of New York, and the Financial Services Authority— have been working to develop resolution strategies for the failure of globally active, systemically important, financial institutions (SIFIs or G-SIFIs) with significant operations on both sides of the Atlantic.

    –
    The goal is to produce resolution strategies that could be implemented for the failure of one or more of the largest financial institutions with extensive activities in our respective jurisdictions. These resolution strategies should maintain systemically important operations and contain threats to financial stability. They should also assign losses to shareholders and unsecured creditors in the group, thereby avoiding the need for a bailout by taxpayers.
    –
    The joint US/UK resolution states that depositor haircuts are already legal in the UK thanks to the 2009 UK Banking Act:
    –
    In the U.K., the strategy has been developed on the basis of the powers provided by the U.K. Banking Act 2009 and in anticipation of the further powers that will be provided by the European Union Recovery and Resolution Directive and the domestic reforms that implement the recommendations of the U.K. Independent Commission on Banking.  Such a strategy would involve the bail-in (write-down or conversion) of creditors at the top of the group in order to restore the whole group to solvency.

    –
    And that the legal authority has already been given in the US buried in Dodd-Frank:
    –
    read more!
Remember the Golden Rule: He who has the gold makes the rules! Got physical gold yet?
Remember the Golden Rule: He who has the gold makes the rules!
Got physical gold yet?

end

Post navigation

Previous Post:

Sorry, Mates, Strictly Business: Australia Wants To Cut Out US Dollar In Trade With China!

Next Post:

Doc Marquis: Occult Numerology Points to the Number 13 for Pope Francis! Occult Astrology Points to the Removal of Christianity! The End of the Church Age is Near!

One comment

  1. cheap laptops says:
    April 28, 2013 at 9:52 am

    What’s up to all, the contents present at this website are truly amazing for people experience, well, keep up the good work fellows.

Comments are closed.

Pages

  • About

Recent Posts

  • Boogaloo Bois Officially Take Credit for Capitol Attack
  • FULL SHOW: Elite Plan Satanic Ritual For Joe Biden Inauguration As Democrats Commit Open Insurrection
  • Its Official: the United States of America No Longer Exists / Now Occupied by China – FULL SHOW 1/18/21
  • 51 Adverse Reactions Reported & 1 Person Hospitalized in Delhi as India Begins World’s Largest Covid-19 Vaccination Program
  • Israel Approves West Bank Settlement Homes Ahead of Trump Exit
  • Gaetz: Incoming Biden Administration Wants to ‘Use National Security Authorities Against MAGA’
  • The Fed is De Facto Monetising One Third of Treasury Note and Bond Issuance.
  • Ex-Facebook Exec Calls for De-Platforming OANN and Newsmax, Laments That Some Conservatives Have BIGGER AUDIENCES Than CNN
  • Bond Market’s MAJOR Indicator Worse Than Ever! Fed Broke the Market and Can’t Fix It
  • US Flies B-52s as ‘Show of Force’ Against Iran
  • The mRNA COVID Vaccine Is Not a Vaccine
  • California Halts Injections of Moderna Covid Vaccine Batch Due to ‘Higher-Than-Usual Number of Adverse Events’
  • New Impeachment NOT About Riots, About Stopping Trump Run in 2024
  • Trump Has Been A Busy Body! Capital Stormers Arrested & They’re All DEMS! Karma 4 RINOS/Tech Tyrants
  • NYTimes Reports Jan 6 Timeline Does Not Fit Media Narrative. Impeachment Narrative Also Collapses — How Could Trump Incite an Attack That Had Already Been Pre-Planned And Was in Motion Before His Speech Ended?
  • The Democratic Party and Their CHICOM Allies Have Overthrown the United States! What’s Next?
  • Situation Update, Jan 17th, 2021 – Dems Build Walls Around Trump And DC to Keep The People Out
  • Tucker: Capitol Events Being Used By Extremists To Eradicate Free Speech
  • THE MESSENGER—PART 26: The Great Re-Set, the Year 2025, and the Second Coming of the Villain of Old
  • Democrats False Flag To End 2nd Amendment Exposed

Archives

  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011

Categories

  • Disaster
  • Economics
  • Endtimes
  • Geo-Politics
  • History
  • Medicine & Health
  • Satire
  • Science & Technology
  • Social Trends
  • Uncategorized

Meta

  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.org
April 2013
M T W T F S S
« Mar   May »
1234567
891011121314
15161718192021
22232425262728
2930  
© 2021 Socio-Economics History Blog | WordPress Theme by Superbthemes