12/13/2024
The public should not be responsible for a banks bad decisions.
It looks like the regulators aren’t doing their job if they are allowing banks to make BAD loans. Each loan officer or person who is making the loan should be insured for this type of offense and tighten up the rules because something is not working if this continues to happen.
President Trump needs to squash this executive order by Obama. Who can we trust with our money if we can’t even trust the banks?
It was first introduced in 2010 via an executive bill signed by President Obama as a direct result of “bailing out” the 2008 “Too Big To Fail” banks and financial institutions.
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You must understand the relationship you have with your bank in order to protect your assets.
What is a “bail-in”? How can a “bail-in” affect your rights as a depositor?
A legal fact is that the money you have deposited into your bank is a loan you have made to your bank, for which you earn interest. The bank takes your money and loans it to others, and makes money based upon the differential in interest rates as well as fees. If the bank is on shaky financial ground and your money is sitting in bad loans, this ultimately becomes the problem of the creditor, i.e. you, the individual. Shockingly, the percentage of the public that truly understands this legal reality is still relatively insignificant.
So what is a “bail-in”? And how does it affect your rights as a depositor?
A “bail-in” is another form where banks and financial institutions are rescued where the responsibility is transferred from taxpayers (in the case of a bail-out) to depositors, which is you in this case. It was first introduced in 2010 via an executive bill signed by President Obama as a direct result of “bailing out” the 2008 “Too Big To Fail” banks and financial institutions.
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Time to stop the thievery.
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kommonsentsjane 