#APRA #BankBail-In #Bail-In
Bank Bail-Ins is a drastic measure that seems to punish savers while absolving bankers of risky and foolish behaviour. Let’s look at what a bail-in is and the human cost from the Cyprus Experiment in 2013.
Then ask yourself if you trust our leaders in Australia that are telling us not to be worried.
References
Bail-In
https://www.investopedia.com/terms/b/bailin.asp
Greeks Suing Cyprus for Lost Millions in Bank “Bail-In”
https://www.thenationalherald.com/202009/greeks-suing-cyprus-for-lost-millions-in-bank-bail-in/