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 Fed Governor.. When A TBTF Bank Fails, Depositors Will Be Cyprus'd

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quietobserver
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quietobserver


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Fed Governor.. When A TBTF Bank Fails, Depositors Will Be Cyprus'd Empty
PostSubject: Fed Governor.. When A TBTF Bank Fails, Depositors Will Be Cyprus'd   Fed Governor.. When A TBTF Bank Fails, Depositors Will Be Cyprus'd I_icon_minitimeFri Apr 19, 2013 3:58 pm

"Stein made something very clear: if and when a TBTF (too big to fail) fails, and since this time
is not different, and a failure is only a matter of time, depositors will lose
everything ........,which now that Cyprus is the template, is to be expected. Not only that but Stein makes it all too clear that part of the Dodd-Frank resolution authority guidelines, a bailout is no longer
an option."

http://www.zerohedge.com/news/2013-04-19/fed-governor-stein-warns-when-tbtf-bank-fails-depositors-will-be-cyprused

and the speech from Wednesday:
http://www.federalreserve.gov/newsevents/speech/stein20130417a.htm
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wil

wil


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Location : Vancouver, B.C.

Fed Governor.. When A TBTF Bank Fails, Depositors Will Be Cyprus'd Empty
PostSubject: Re: Fed Governor.. When A TBTF Bank Fails, Depositors Will Be Cyprus'd   Fed Governor.. When A TBTF Bank Fails, Depositors Will Be Cyprus'd I_icon_minitimeFri Apr 19, 2013 4:30 pm

"Cyprus'ed" ... that's a new word. Laughing
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quietobserver
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quietobserver


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Fed Governor.. When A TBTF Bank Fails, Depositors Will Be Cyprus'd Empty
PostSubject: Re: Fed Governor.. When A TBTF Bank Fails, Depositors Will Be Cyprus'd   Fed Governor.. When A TBTF Bank Fails, Depositors Will Be Cyprus'd I_icon_minitimeFri Apr 19, 2013 5:25 pm

wil wrote:
"Cyprus'ed" ... that's a new word. Laughing
Yes. I believe it can be used interchangeably with "Corzine-d". A bit troubling considering the crash in metals was supposedly engineered to save JPM (again).
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Fed Governor.. When A TBTF Bank Fails, Depositors Will Be Cyprus'd Empty
PostSubject: Re: Fed Governor.. When A TBTF Bank Fails, Depositors Will Be Cyprus'd   Fed Governor.. When A TBTF Bank Fails, Depositors Will Be Cyprus'd I_icon_minitime

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