No more bailouts
Posted by seumasach on November 11, 2014
BoE chief says banks won’t be saved by taxpayers
10th November, 2014
New rules are being proposed that will force creditors, not taxpayers, to carry the losses of banks deemed “too big to fail.” The plans come after Western taxpayers were asked to pay trillions of dollars to bail out banks in the 2008 financial crisis.
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