The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label depositor. Show all posts
Showing posts with label depositor. Show all posts

Wednesday, March 23, 2016

Canada preparing for bail-ins as collapse of oil industry forces new legislation in their budget

On March 22, Canada's new ruling party submitted their budget for fiscal year 2016-17, and hidden within it was new legislation to approve of depositor bail-ins for banks that might become insolvent.  And with the Canadian oil industry in fill collapse due to lower oil prices, the leverage by the banks in the energy industry is pushing them closer and closer to default.



Introducing a Bank Recapitalization "Bail-in" Regime 
To protect Canadian taxpayers in the unlikely event of a large bank failure, the Government is proposing to implement a bail-in regime that would reinforce that bank shareholders and creditors are responsible for the bank’s risks—not taxpayers. This would allow authorities to convert eligible long-term debt of a failing systemically important bank into common shares to recapitalize the bank and allow it to remain open and operating. Such a measure is in line with international efforts to address the potential risks to the financial system and broader economy of institutions perceived as “too-big-to-fail”. 
The Government is proposing to introduce framework legislation for the regime along with accompanying enhancements to Canada’s bank resolution toolkit. Regulations and guidelines setting out further features of the regime will follow. This will provide stakeholders with an additional opportunity to comment on elements of the proposed regime. 
Bail-in Regime for Banks 
Canada’s financial system performed well during the 2008 global financial crisis. Since that time, Canada has been an active participant in the G20’s financial sector reform agenda aimed at addressing the factors that contributed to the crisis. This includes international efforts to address the potential risks to the financial system and broader economy of institutions perceived as “too-big-to-fail”. Implementation of a bail-in regime for Canada’s domestic systemically important banks would strengthen our bank resolution toolkit so that it remains consistent with best practices of peer jurisdictions and international standards endorsed by the G20. - Zerohedge

Saturday, August 15, 2015

Depostors bank account’s are now eligible to pay Goldman Sach’s bonuses when the bail-in comes

Back in 2008, the public went wild over the government’s use of taxpayer money to bail out insolvent banks who had speculated and lost during the Housing Bubble bull market.  But even this was not as critical as the rage the American people felt when these same banks gave their executives massive bonuses based on capital received from that bail out.
And now seven years later, one of the major culprits who should have gone the way of the dodo bird is setting up to one day fleece the American people once again, only this time it will be under the auspices of the now infamous Dodd-Frank legislation that allows for depositor bail-ins during a monetary or banking crisis.
That culprit is none other than Goldman Sachs, who on Aug. 13 just added commercial banking to their repertoire by acquiring GE Capital Bank (“GECB”), and their $8 billion of online deposits.

Read more on this article here...