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Tag: European Stability Mechanism

Bankers Win Both Ways: Now They Can Take Both Taxpayer and Depositor Money

On March 20, European Union officials reached a historic deal to save failing banks by tapping both taxpayer and depositor funds. It may be illegal under EU Parliament, but is being rushed through to lock taxpayer and depositor liability into place before the dire state of eurozone banks is exposed.

Posted on Mar 29, 2014 READ MORE

gpoo (CC BY 2.0)

Think Your Money Is Safe in an Insured Bank Account? Think Again

An international trend to shift responsibility for bank losses onto blameless depositors lets banks take and gamble away your money.

Posted on Jul 5, 2013 READ MORE

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