Absolutely, bail-in of unsecured creditors...provided the institution can't raise capital on the open markets. I can confidently state that senior bondholders don't tend to read Zerohedge's cut&paste job.
'In Australia the safest investment is bank deposits which are government guaranteed up to $250k per person per bank. Given global developments that's the safest place to ride out the storm over the next few years.'
I don't make predictions for the next few years, prefer to stay flexible with my investments.
Not a huge fan of posters advocating shorting the Aussie banks 'due to risks from overleverage and exposure to home loans' while advocating the 'safety of bank deposits'.
I watch the cognitive dissonance and dishonesty of the arguments (from a distance in a parallel universe).
