Tag Archives: bank bail ins

Insolvent Banks and Governments Are Likely to Confiscate Wealth and Independence_Bail Ins

“Silence in the face of evil is itself evil.  God will not hold us guiltless.  Not to speak, is to speak. Not to act, is to act”.   Dietrich Bonhoeffer   “And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of ...

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Letter to Wall Street Journal_re Sen. Elizabeth Warren

The one year funding continuation bill just passed Congress. It continues Obamacare.  In that bill was a rider that Sen Elizabeth Warren (D. MA) wanted.  It required banks to put 5% of their derivatives into a separate subsidiary forcing some liability for the debt.   I doubt if it got ...

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