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SENATE PASSES ‘BAIL IN’ LAW – HOW SAFE IS YOUR CASH NOW?...

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Menta

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29/03/18

15:33

Post #: 32124037
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Originally posted by lauraturner ↑

Please research ‘Bail In’ which Fed Govt put thru on 14 Feb this year. My understanding of the Bill is that Bail In allows Fed Govt/Banks to use individual depositors funds/super to bail them out if one goes bust, AND the supposed Goct guarantee of $250,000 has NOT been initiated, so bank your excess funds at your own peril, and bring on ‘Glass Steagal’ If I have got the wrong end of the stick I would be grateful if someone explained what the Bill really was about, my Fed MP (Liberal) is dancing around any question on. That subject that has been put to him.

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SENATE PASSES ‘BAIL IN’ LAW – HOW SAFE IS YOUR CASH NOW?

https://www.ainsliebullion.com.au/g...s-your-cash-now-/tabid/88/a/1722/default.aspx
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