Daylight Robbery? Hah! Who Ya Gonna Call?

Have you heard about G-SIFIs? This stands for Globally Systemically Important Financial Institutions: they are the "too big to fail" banks we keep hearing about.

Well, here are two unpleasant facts:

1. G-SIFIs and their senior employees are now OFFICIALLY immune from prosecution for doing the illegal things they have to do to keep their insolvent organisations functioning. There's even a list of who's safe:
• Twilight of Justice


2. G-SIFIs in the UK, USA, Canada and Switzerland have recently changed their policies so that if they run out of money, they can steal their depositors' savings instead, exchanging them for shares (in a bankrupt bank, for God's sake...?)
• The Confiscation Scheme Planned for U.S. and U.K. Depositors
• FDIC & Bank of England Create Resolution Authority for Unlimited Cyprus-Style “Bail-Ins” for TBTF Banks!

This means if you have any money saved in a UK bank, it is not safe there. If you don't believe me, read the official Bank of England policy paper release from December 2012, co-written with the US-FDIC (the people who pretend to insure depositors' bank accounts in the USA):

• Resolving Globally Active, Systemically Important, Financial Institutions

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