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Bail In Haircut For Greek Bank Depositors

serfserf Member Posts: 9,225 ✭✭✭✭
edited July 2015 in Politics
This is what is in store here in The USA as we lose our reserve currency status! Just watch!

Anything over 8000 Euro's! Ouch! Paper money and politicians promising free social programs with free trade deals taking away good paying jobs with illegal immigrants pouring across our borders is why!

serf

http://www.zerohedge.com/news/2015-07-03/greek-banks-considering-30-haircut-deposits-over-€8000-ft-reports

The plans, which call for a "haircut" of at least 30 per cent on deposits above _8,000, sketch out an increasingly likely scenario for at least one bank, the sources said.

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