Joe Hockey’s denials about “bail-in” have again been officially contradicted, this time by his own Treasury department, in its submission to the Financial System Inquiry (FSI).
Citizens Electoral Council leader Craig Isherwood yesterday lodged a formal submission to Joe Hockey’s Financial System Inquiry, which opened with the following statement:
If your federal MP has assured you that the CEC is wrong, and that there is no “bail-in” law—to prop up failing banks with seized deposits, Cyprus-style—planned for Australia,
The global bail-in Führer, Bank of England Governor Mark Carney, has just declared the target date for completion of a new global “bail-in” regime, which will legislate forced confiscation of bank deposits when major banks fail, to be the G20 summ
The Citizens Electoral Council since June has been blaring the news that Australia’s banking authorities are drafting legislation in the Treasury for Cyprus-style “bail-in” powers, so that when an Australian bank fails, the savings of its deposito