The Wall Street Ticking Time Bomb That Could Blow Up Your Bank Account

The Cyprus bail-in was not a one-off emergency measure but was consistent with similar policies already in the works for the US, UK, EU, Canada, New Zealand, and Australia, as detailed in my earlier articles here and here.  “Too big to fail” now trumps all.  Rather than banks being put into bankruptcy to salvage the deposits of their customers, the customers will be put into bankruptcy to save the banks. ….

http://www.alternet.org/economy/wall-street-ticking-time-bomb-could-blow-your-bank-account

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