http://www.telegraph.co.uk/finance/financialcrisis/10145355/EU-makes-bank-creditors-bear-losses-as-Cyprus-bail-in-becomes-blue-print-for-rescues.htm
If you have a bank account,you are an unsecured
creditor.....
“For the first time, we agreed on a significant bail-in to shield taxpayers, to break the vicious circle of sovereigns and banks, and to induce banks to behave more responsibly,” he said early on Thursday morning.
Of course all taxpayers have bank deposit accounts,
so this has nothing to do with shielding taxpayers
and everything to do with making taxpayers first
in line to bail out the banks.
War is peace.....your money will be shielded by
forcing you to bail out the banks.
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