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WILL 2016 BE THE YEAR OF THE MULTINATIONAL BANK BAIL IN ? - Printable Version

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WILL 2016 BE THE YEAR OF THE MULTINATIONAL BANK BAIL IN ? - BlackListed News - 04-29-2016

WILL 2016 BE THE YEAR OF THE MULTINATIONAL BANK BAIL IN ?

<p>One of the recent top stories in 2016 so endemic and explicative of what is going on in banking involves the Austrian financial institution Hypo Alpe Adria, which incidentally was taken over by Austrian Government authorities in 2009 and placed into receivership under an entity named Heta Asset Resolution. Flash forward to about March of 2015, whereby it was revealed that the equivalent of US$8.5 Billion Dollars has disappeared from the balance sheet and as a result that entity has now been taken over by Austria's Financial Market Authority. So here is the first question: what were these people doing for almost 7 years? I know there was some football championships (soccer for the Americans) on television that might have diverted attention for awhile, but 7 years?</p>


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