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Tag Archives: bank
The State of Banks
What will China do if they experience a banking crisis? The normal course of action would be to raise cash/assets to cover their losses. What will the United States do if China calls in their US Treasurys? David DeGerolamo Top … Continue reading
China’s Bad Loan Giant Awakes
In the aftermath of the record cash crunch in the Chinese interbank market, many financial institutions in China and abroad have been hoping that the PBOC would either end its stance of aloof detachment or at least break its vow … Continue reading
Europe strikes deal to push cost of bank failure on investors
The European Union agreed on Thursday to force investors and wealthy savers to share the costs of future bank failures, moving closer to drawing a line under years of taxpayer-funded bailouts that have prompted public outrage. After seven hours of … Continue reading
Chinese Banks Stop Lending Due To Liquidity Freeze
If one thought the schizophrenic lies out of Europe between 2010 and 2013 were bad enough (the bulk of which it now appears were orchestrated by Mario Draghi), here comes China, a country which already has a “credibility” issue so … Continue reading
SWITZERLAND REVISES 1934 BANKING ACT TO ALLOW BAIL-IN DEPOSIT CONFISCATIONS!
The Swiss document begins by advising that the FINMA now has legal authority to confiscate depositor funds, thanks to a revision of the Banking Act of 1934, completed in 2011, as well as the revision of the Bank Insolvency Ordinance completed Nov … Continue reading
Dr. William Black, The US Banking System is Absolutely Primed for the Next Meltdown
From YouTube: http://usawatchdog.com/felons-in-char… – Dr. William Black predicts, “The U.S. banking system is absolutely primed for the next meltdown. Dr. Black and others think, “There is pervasive fraud at the most reputable banks. . . . The U.S. financial system is … Continue reading
Posted in Editorial, Financial
Tagged bank, Economic Collapse, meltdown, William Black
Comments Off on Dr. William Black, The US Banking System is Absolutely Primed for the Next Meltdown
Cyprus blocked accounts of Russian government officials. The situation is developing in the most negative scenario
Dmitry Medvedev said that the amount of so-called “gray deposits” Russians in Cyprus banks are exaggerated, and that in Cyprus running “a large number of government agencies,” the Russian Federation, “as it is convenient for the jurisdiction of the transaction.” According … Continue reading
It is Spreading
National planning Cyprus-style solution for New Zealand Tuesday, 19 March 2013, 11:32 am National planning Cyprus-style solution for New Zealand. The National Government are pushing a Cyprus-style solution to bank failure in New Zealand which will see small depositors lose … Continue reading