avoid the banks in these countries

[hopeful]

courtesy of zerohedge posters'

NZ has Open Bank Resolution policy. Depositors are uninsured and will get haircut first. only if unsecured creditor, junior bondholder, depositors are not enough, then senior bondholder will have hair cut

Canada budget for 2013, on page 145 of the document (not 145 indicated in adobe).
http://www.budget.gc.ca/2013/doc/plan/budget2013-eng.pdf

The Government proposes to implement a bail-in regime for
systemically important banks. This regime will be designed to ensure that,
in the unlikely event that a systemically important bank depletes its
capital, the bank can be recapitalized and returned to viability through the
very rapid conversion of certain bank liabilities into regulatory capital.
This will reduce risks for taxpayers.

that certain bank liabilities is the depositors' money.

[sh]

Given today's conditions... Low interest, risks even in holding cash... Better to be in debt than a saver....

Hoot property ahhh.... :D

Those damned CMs...:simmering:

[teddybear]

In other countries, the policy maker can also make the last minute changes la so no difference la....

Depositors are always in a vulnerable position


courtesy of zerohedge posters'

NZ has Open Bank Resolution policy. Depositors are uninsured and will get haircut first. only if unsecured creditor, junior bondholder, depositors are not enough, then senior bondholder will have hair cut

Canada budget for 2013, on page 145 of the document (not 145 indicated in adobe).
http://www.budget.gc.ca/2013/doc/plan/budget2013-eng.pdf

The Government proposes to implement a bail-in regime for
systemically important banks. This regime will be designed to ensure that,
in the unlikely event that a systemically important bank depletes its
capital, the bank can be recapitalized and returned to viability through the
very rapid conversion of certain bank liabilities into regulatory capital.
This will reduce risks for taxpayers.

that certain bank liabilities is the depositors' money.

[teddybear]

The CMs are designed such that you would put your money in the banks rather than invest in some safe assets, and when banks' speculate and lose most of their money, your money will come in handy to recapitalize the banks! Oh jolly good isn't it?! Either way, banks CEOs laughing all the way to their banks while the depositors lose all their savings! :doh:


Given today's conditions... Low interest, risks even in holding cash... Better to be in debt than a saver....

Hoot property ahhh.... :D

Those damned CMs...:simmering:

[phantom_opera]

The CMs are designed such that you would put your money in the banks rather than invest in some safe assets, and when banks' speculate and lose most of their money, your money will come in handy to recapitalize the banks! Oh jolly good isn't it?! Either way, banks CEOs laughing all the way to their banks while the depositors lose all their savings! :doh:

this is very true, QEs benefit those who have FIRST ACCESS to money, it is the banker and their rich private clients

everybody will look at Cyprus as a valuable lesson ... bank in the money upside is 1%, downside is 50%, then might as well hoot properties lah :doh:

[kane]

Given today's conditions... Low interest, risks even in holding cash... Better to be in debt than a saver....

Hoot property ahhh.... :D

Those damned CMs...:simmering:

A lot of people seem to be queueing up and waiting for the CMs to be lifted...

[sh]

A lot of people seem to be queueing up and waiting for the CMs to be lifted...

CMs will only be lifted when prices fall... yet when prices fall, people are "queueing up and waiting" to buy.... so how will it fall (by much)? Short of a black swan event.... things are going to continue the way it is....:2cents:

Is this a vicious or virtuous cycle?:beats-me-man: