Comments by Brian Shilhavy
Editor, Health Impact News
Greg Reese recently published a video report about how banks are preparing to resort to “bail ins” where they would restrict depositors from accessing their own funds.
The video [1] is just over 3 minutes (the last part are advertisements):
He played the clip from the recent FDIC meeting where the fragile condition of the banking system was discussed, and the fear of bank runs, and we have also previously covered that:
Are FDIC Bankers Preparing for Bank Runs in the U.S.? [2]
A contractor whistleblower for the European Central Bank contacted Greg Reese after he aired the video excerpt from the recent FDIC meeting where they discussed “bail ins,” alleging that he had been assigned an “urgent project” related to preparing for bail ins for the European Central Bank (ECB).
“Bail ins,” as opposed to “bail outs,” are when the banks take money out of accounts on deposit within that bank when a bank does not have enough funds to meet its obligations.
According to this report by Greg Reese and the information from his informant, the playbook for bank bail ins has already been written for Europe, and they are preparing for bank runs.
The report [3] is about 3 minutes (last part are advertisements).
Comment on this article at HealthImpactNews.com [4].
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