Economy
When a bank saves itself with your deposits
HERE’S THE INTERESTING PART
Everyone knows about bailouts, where external authorities ride to the rescue with freshly printed capital. Bail-ins are the much darker sibling, allowing a collapsing institution to legally seize the unsecured funds of its own depositors to keep the lights on. It is the ultimate betrayal, where your safe harbor abruptly cannibalizes your savings to save itself.
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