FDIC and Bank of England: Resolving Globally Active, Systemically Important, Financial Institutions

This is a re-post and outlines England's and the US' plans for a bail-in of banks, as we have bail-out fatigue.  Instead of tax payers bailing out failing banks, depositors will be targeted.

http://www.fdic.gov/about/srac/2012/gsifi.pdf

 

Resolving Globally Active, Systemically Important, Financial Institutions Federal Deposit Insurance Corporation and the Bank of England

The $64 trillion question is who are the "unsecured creditors"?  If they are depositors over the guaranteed limits, expect corporations and individuals to park their money elsewhere.

http://www.fdic.gov/about/srac/2012/gsifi.pdf