[Discussion] Economic bail in for banks

[Prince Badman]

Can anyone explain to me how exactly the bail-in plan of any company/organization works? Recently the government is trying to table FRDI bill (Financial Resolution and Deposit Insurance). In that there is a particular clause that a bank can take over the depositers' money and issue bonds to signify his deposits. However depositor can't get back the cash for withdrawal beyond a certain limit irrespective of the amount of deposit. The finance minister says that it will be done in the case economy of the bank crashes and thus this money will be used for bail-in. How does it all actually work? Does anyone have any knowledge regarding this?

 

[Markovko]

Just another taxpayer scam to save collapsing banks and bursted bubble economy, meanwhile no one gives a sh*t about people. Same here in Europe, when Greek economy collapsed, EUCB and Germany bailed Greek banks and large corporations, meanwhile people average living standards did not change.

 

[Joon]

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