BETTER PAY ATTENTION HERE! This is hardly being talked about AT ALL . . You do realize what a 'bail-in' is, right?
Tue, Aug 12 2014, 12:04 GMT
Federal Reserve Vice Chairman Stanley
Fischer delivered his first speech on the U.S. and global economy in
Stockholm, Sweden yesterday.
Fischer headed Israel’s central bank
from 2005 through 2013 and is now number two at the Federal Reserve in
the U.S. after Janet Yellen.
In a speech entitled, The Great Recession: Moving Ahead,
given at an event sponsored by the Swedish Ministry of Finance, Fischer
said that the economic recovery has been and remains “disappointing.”
recession that began in the United States in December 2007 ended in
June 2009. But the Great Recession is a near-worldwide phenomenon, with
the consequences of which many advanced economies--among them
Sweden--continue to struggle. Its depth and breadth appear to have
changed the economic environment in many ways and to have left the road
Speaking about the steps that have been taken
internationally in order to “strengthen the financial system” and to
reduce the “probability of future financial crisis,” Fischer said that
the U.S. was preparing proposals for bank bail-ins for “systemically
important banks.” [SNIP]
full story HERE
The Black Sheep tries to warn its friends with the truth it has seen, unfortunately herd mentality kicks in for the Sheeple, and they run in fear from the black sheep and keep to the safety of their flock.
Having tried to no avail to awaken his peers, the Black Sheep have no other choice but to unite with each other and escape the impending doom.
What color Sheep are you?