Fed Vice-Chairman Calls For "Bailnable Long Term Debt"

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#1 Wed, Aug 13, 2014 - 8:52pm
Smaulgld
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Fed Vice-Chairman Calls For "Bailnable Long Term Debt"

Bank Bail-ins are coming to the United States

"As part of this approach, the United States is preparing a proposal to require systemically important banks to issue bail-inable long-term debt that will enable insolvent banks to recapitalize themselves in resolution without calling on government funding--this cushion is known as a "gone concern" buffer."

Vice Chairman of the Federal Reserve Stanley Fisher

https://smaulgld.com/u-s-plans-to-bail-in-the-banks/

Edited by: Smaulgld on Nov 8, 2014 - 5:01am
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