On Sun, 20 Jul 2014 06:37:17 -0500, jim
" wrote:
snip
Interesting article. However, the article is inaccurate
in its speculation that bank depositors will end
up paying the bill for the follies of big investment banks.

Under current law that is simply not possible.
=================
Not directly as depositors, but indirectly as
taxpayers/savers, e. g. TARP, FRB Q.E. depressing yields,
etc. Indeed, there is an ongoing TBTF "subsidy." All honest
taxpayers are "on the hook"...
http://tinyurl.com/pvjwbso
http://tinyurl.com/p4ny5uz


--
Unka' George

"Gold is the money of kings,
silver is the money of gentlemen,
barter is the money of peasants,
but debt is the money of slaves"

-Norm Franz, "Money and Wealth in the New Millenium"