Partially paid by the shareholders and bond holders…funds come from Northern Europe – German tax payer funds flow into this??? There should be a set of rules when the banks get in trouble the shareholders, jr bondholders, sr bondholders, then large depositers take a hit. Maybe not a model to follow? Need a central authority to oversee this? Really??? HMMMMMMMMMMMMMMM…-A.M.
AEI scholar Adam Lerrick on why the European Union wants taxpayers to pay for the next bank failure.