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It Can Happen Here: The Confiscation Scheme Planned for US and UK Depositors

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Tue, 2013-05-07 18:56 — Gina Angiola

Truthout.org -- by Ellen Brown -- March 29,2013

Confiscating the customer deposits in Cyprus banks, it seems, was not a one-off, desperate idea of a few Eurozone “troika” officials scrambling to salvage their balance sheets. A joint paper by the US Federal Deposit Insurance Corporation and the Bank of England dated December 10, 2012, shows that these plans have been long in the making; that they originated with the G20 Financial Stability Board in Basel, Switzerland (discussed earlier here); and that the result will be to deliver clear title to the banks of depositor funds.  

http://truth-out.org/news/item/15401-it-can-happen-here-the-confiscation-scheme-planned-for-us-and-uk-depositors

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United States
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Economics

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Tue, 2013-05-07 20:56 — Kathy Gilbeaux

Please see supporting documentation (in the links below) for the article posted above . . .

About - Resolving Globally Active, Systematically Important, Financial Institutions.
http://business-finance-restructuring.weil.com/dodd-frank/resolving-globally-active-systematically-important-financial-institutions-whats-the-plan-batman/

FDIC - BOE - Resolving Globally Active, Systematically Important, Financial Institutions (18 page .PDF file)
http://www.fdic.gov/about/srac/2012/gsifi.pdf

FDIC Systemic Resolution Advisory Committee
http://www.fdic.gov/about/srac/

Update of group of global systemically important banks (G-SIBs) (4 page .PDF file)
http://www.financialstabilityboard.org/publications/r_121031ac.pdf

Financial Stability Board
http://www.financialstabilityboard.org/

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