Tag Archives: bailout

Bank of England claims: no more taxpayer bailouts

BOE Mark Carney

New rules are being proposed that will force creditors, not taxpayers, to carry the losses of banks deemed “too big to fail.” The plans come after Western taxpayers were asked to pay trillions of dollars to bail out banks in the 2008 financial crisis. The new global rules will force creditors to bear banks’ losses, ensuring that taxpayers’ money should ... Read More »

Americans warned bank ‘bail-ins’ coming

banksters robbing sheeple

Experts say institutions will grab deposits without warning With the United States facing a $17 trillion debt and an acidic debate in Washington over raising that debt limit on top of a potential government shutdown, Congress could mimic recent European action to let banks initiate a “bail-in” to blunt future failures, experts say. Previously the federal government has taken taxes ... Read More »

Cyprus banks to remain shut until Tuesday amid bailout crisis

Protesters raise their open palms showing the word "No" during an anti-bailout rally in Nicosia

Banks in Cyprus will remain closed until Tuesday as the country tries to avert financial meltdown after rejecting the terms of a controversial bailout, turning instead to Russia for help. An official said banks, which been shut for days amid fears of a run on savings, will stay closed on Thursday and Friday, CNBC and Reuters reported. Monday is a public holiday. The ... Read More »

BANK HOLIDAY IN CYPRUS! Government to seize 10% of all savings & deposits!!

Mr Nicos ANASTASIADES, President of Cyprus; Mr Herman VAN ROMPUY, President of the European Council

Cyprus is to receive a €10 billion (£8.7 billion) bail-out from the eurozone to recapitalise its ailing banking system in return for a series of drastic measures which will hit the country’s savers. The Mediterranean island nation becomes the fifth country to turn to the eurozone, following in the footsteps of Ireland, Greece, Portugal and Spain. The emergency funding will ... Read More »

Reserve Bank of Australia quietly increases banks’ bailout buffer

Reserve Bank of Australia

In a globally unique policy, the Reserve Bank of Australia will supply banks with a permanent bailout facility worth up to $380 billion by 2015. The policy has been designed by the RBA to help banks satisfy stringent new liquidity tests which simulate “acute stress scenarios” that deny banks funding for 30 days under the post-GFC rules, Basel III. Local ... Read More »

$105 billion: UK bank bailout money may be gone for good

RBS guilty

The US$105 billion of British taxpayer money used to bail out the Royal Bank of Scotland and Lloyds at the peak of the banking crisis may never be recouped, a parliamentary committee report warns. The state owns more than 80 per cent of RBS and 40 per cent of Lloyds after injecting 65.8 billion pounds ($105 billion) of capital into ... Read More »

8 signs the system is broken

the system was never broken it was built this way

Here are a few interesting tidbits to chew on: 1) In the land of the free, there are now more than 760 incarcerated inmates for every 100,000 citizens. This is more than 5x the 1980 average, and it far surpasses the number (560 per 100,000) that Stalin threw in the Gulag at the peak of Soviet terror. 2) Apparently, Americans are getting ... Read More »

2012 Obama vs Romney: the illusion of choice

obamney repulicrats

Come November, the American people will be faced with two distinct options; reelect President Barack Obama or vote for Mitt Romney. The liberal Democrat and the Republican conservative seem to stand in stark contrast. They come from different backgrounds and have different views on most social issues like same-sex marriage, abortion, immigration. On the surface, Romney and Obama appear to ... Read More »

Anti-Austerity Anger: Greeks take to streets

Greece police protest

Thousands have taken to the streets throughout Greece to protest the drastic budget cuts proposed by the government. Minor scuffles with riot police took place in Thessaloniki after some youths set rubbish on fire and burned an EU flag. In Athens some 2,000 pensioners marched through the city to protest newly introduced pension cuts. It was announced that those who ... Read More »

Audit of NY Fed reveals some shocking results

ny fed

Senator Ron Paul has introduced the Federal Reserve Transparency Act of 2012 (HR459) to the upset of Ben Bernanke, Chairman of the Federal Reserve Bank. In August, the House of Representatives passed 327 – 98 on a vote which exceeded the necessary 2/3rd majority. Paul, who is pushing for “transparency” in America’s relationship with the Fed, said that Americans are ... Read More »