In These New Times

A new paradigm for a post-imperial world

No more bailouts

Posted by seumasach on November 11, 2014

BoE chief says banks won’t be saved by taxpayers

RT

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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