We all know what “government bail-out”  is – don’t we?  Remember – governments and central banks worldwide acted in concert to save “systemically important” banks through bailouts using trillions in taxpayer money.  Now, and now, these same governments are talking about a new word that we do not hear our financial people or the media  talking about throughout the world – it is called “bail-in.”  It is going to replace “bail-out.”  What is bail-in mean?  An example is when the country of Cyprus bail-in saw all depositors in the affected banks, whose account balance exceeded the 100,000 euro insurance maximum, take at lest a 47.5 percent haircut on their deposits.  So let’s ask our Congressman and Senators where our country stands in this regard?   Does the 2010 Dodd-Frank Act codify the use of bail-ins in  the United States?   Why are the banks always short of money – where is it going?  The people know we have been given many haircuts throughout the years – example, Savings and Loan bust, the stock market bust, the housing bust, and now the Obamacare bust, and taxes on top of taxes – just to name a few.  Look at the last four years and the feds feeding the public kitty every month with new, printed money.  The ferris wheel has to stop and everyone get off and see who is standing on their own and sign that new contract to share responsibility instead of stealing from others. 

kommonsentsjane