Mar 18 2013, 11:14 AM
Depositors are the most innocent people.
Depositor deposit money and let banker to earn big profit, while earn pathetic interest rate or negative real interest rate,
when banks run into trouble time, then depositors bare the loss?
Remember bankers get their big fat bonuses when rosy time, while depositors are not.
Worst to worst, sacking bankers, top management and bank staff, they are getting compensation,
while depositors are not, instead need to take hair-cut.
The one should take hair-cut is bond holder, shareholders, or even top management, depositors should be the last resort.
With today big sell off and sell equities, take cash and deposit in bank, the effort may not useful if depositors need to take hair-cut.
Soon we have "bald" investors across the globe, as everyone need to take "hair-cut".
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