In a story featured on Occupy a few weeks ago, Ellen Brown - TopicsExpress

In a story featured on Occupy a few weeks ago, Ellen Brown reported that during the mid-November G20 summit in Brisbane, leaders of most the world’s biggest economies passed the “Adequacy of Loss-Absorbing Capacity of Global Systemically Important Banks in Resolution.” Besides being more than a mouthful of seemingly unrelated words, this document enshrines bail-ins for these countries with a unique twist: they will not only go after depositor’s money but also pension fund investors (major holders of now “bail-inable bonds”) in the event of the collapse of another Too Big to Fail institution. You could be forgiven for thinking your money might be safer in a credit union or, considering that interest rates are near 0% anyway, under your mattress. It probably is. If anything has been proven since the collapse of 2008, it’s that the banksters are seen as far too important to the financial system to be made to pay for their crimes, leaving the 99% to foot the bill.

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