[Peace-discuss] Bank Bail In

[Bill Strutz]

According to Bloomberg, bail-ins are not bad.
When a bank goes bust, the first thing that happens is that stockholders'
equity is wiped out.
Then they erase the junior debts (bonds).
Then the senior debts (bonds)
The wiped-out debts are converted into shares of common stock.

All of this so far is eminently fair. It is the way that equity and
unsecured debt is supposed to work in accounting theory.

The article does not go into the specific legislation, however, I am fairly
sure that if you are putting money into a non-insured account, you DO know
it up-front.

https://www.bloomberg.com/quicktake/bail-in

On Thu, Aug 16, 2018 at 3:51 PM Szoke, Ron <r-szoke at illinois.edu> wrote:

> Today’s dirt on Obama!  And it’s FREE.
> You have been warned!
>
> *From: *"Szoke, Ron" <r-szoke at illinois.edu>
> *Subject: **Bank Bail In*
> *Date: *August 16, 2018
>
>
> http://info.thehartfordgoldgroup.com/new-law-gives-banks-ability-to-seize-your-accounts?LeadSource=Email&medium__c=email&campaign__c=newsmaxaarp&content__c=bailinshortform&sentdate__c=081618&Campaign=70137000000A0gV
>
> New Law Gives Banks Ability to Seize Your Accounts
>
> *Featuring the retirement income strategy seen on:*
>
> Thursday August 16, 2018
> ------------------------------
>
> Your accounts may be at risk with the passing of a new law: *The Money
> Market Reform Act*
>
> This little known law that was *quietly signed by former President Obama
> at the end of his term* could forfeit control of YOUR account and give it
> to the BANKS.
>
> *Here's How You Could Be Affected by The Money Market Reform Act:*
>
> *#1:* Banks could confiscate your accounts including IRA's and 401K's
> *#2:* YOUR hard-earned life savings could be used to bail out the GREEDY
> banks
> *#3:* These types of accounts would no longer be FDIC insured
>
> This sneaky law which bankers refer to as the “bail-*IN*” leaves millions
> of Americans' bank accounts & IRA/401K's exposed. And the absolute crazy
> part is they have no idea!!
>
> *Don't leave your accounts exposed to the greedy banks - the risks are
> real.*
>
> Does this all sound familiar? Well it should as similar laws were passed
> in Greece & Cyprus right before the last financial meltdown. Citizens woke
> up one morning with their accounts completely wiped out with ZERO recourse.
>
> Bottom line: How you PREPARE could mean the difference between forfeiting
> your accounts or protecting them with GOLD - a physical, tangible asset
> that the banks can't touch.
>
> --Download Your Free Guide the banks don't want you to read--
>
> *BONUS:* First 100 respondents will receive a coupon for up to $2500 in
> FREE SILVER.
>
> *--YOUR ACCOUNTS COULD BE AT RISK IF YOU DELAY--*
>
>
>

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*My name is a complete sentence*
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