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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Riskmgmt who wrote (101681)	6/28/2013 1:37:28 PM
From: carranza2	Read Replies (1) \| Respond to of 217713

Unbelievable, well, actually, not so unbelievable. Cyprus was the test. And it seems to have worked so they were encouraged. What about the EU's emergency fund? Wasn't it supposed to be sufficient to keep things stable? If so, why the bail-in initiative? The dirty little secret is that the emergency fund [I think it was popularly known as the bazooka a few months ago] is very weakly funded. I think some payments have been missed. And it was to be funded over a number of years, so if a crisis happens before funding....... Not worried about gold. Bought a bit, and a bit of NGD. There was a rivulet of blood in the streets. Not a big collective hemorrhage taking place but enough to raise interest.

To: Riskmgmt who wrote (101681)	6/28/2013 1:57:38 PM
From: Horgad	Respond to of 217713

Everything over 100k has always been at risk. The difference will be the order in which they can go after the $$. Currently, the expectation of people with uninsured deposits is that it should not be at risk unless everything has been liquidated and there is still not enough there to make depositors whole. (In other words stock and bonds investor bank holdings should go to 0 first before a penny of uninsured deposits is touched.) Now they want to bend that to treat large depositors more like the investors/owners. The whole idea is asinine and yes it is foolhardy to keep uninsured money in a bank making almost no interest and will be even more foolhardy in the future. Although, practically it may be very difficult to avoid for businesses and the rich...