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Stealing bank deposits now official policy; if you don’t want to be robbed, demand Glass-Steagall

No bank deposits anywhere are safe following the disastrous Cyprus “bail-in” using confiscated deposits, because this is now the standard for all future bank rescues.
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  • Bail-in
  • Europe
  • Banking / Finance

The Cyprus option, or Glass-Steagall?

The Cyprus “solution” sets a precedent for future IMF-dictated banking rescues—deposits will be stolen to prop up banks.
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  • Bail-in
  • Banking / Finance