Save JP Morgan, Bail yourself in!!! India to monetize gold?
from Paul Sandhu Bail-ins have again hit Europe, a big Austrian bank that unsurprisingly was bailed out recently has instituted bail-ins to save itself. Apparently the Govt. no longer wants to burden taxpayers with bailouts so they have come up with brilliant plan to save the bank at the expense of the creditors (formerly known as DEPOSITORS) and stick the Depositors, pardon me, the CREDITORS with the cost of saving the bank. Taxpayers everywhere are now safe; only ones that need to worry are the foolish CREDITORS, once known as DEPOSITORS, that put their money in the bank with the task and cost of saving the Too Big to Fail banks.