Economist John Adams and I continue our series on Deposit “Bail-In”, based on further research and feedback from a number of our followers.
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The John Adams And Martin North DFA Page:
Hi Martin and John.
Please keep asking the difficult questions of your elected representatives and the banking industry. Normally I subscribe to the notion; ‘do not attribute to conspiracy what is most likely incompetence’. That said, having worked for two banks in New Zealand (thus gaining insight into the intent and application of Open Bank Resolution) I believe the reverse notion applies to the big four. Keep up the good work.