Tuesday, April 16, 2013

Large bank depositors are at risk

The mentality before the 2007 crisis and after that the tax payers bailed out the system but now the asset holders have to contribute to the bailout. As we have seen in the case of Cyprus the large depositors are penalized more than small depositors.

Marc Faber is a famous contrarian investor and the publisher of the Gloom Boom & Doom Report newsletter.