by E. F. Viocq, Acting-Man.com:
For those of us in the world who continued to hope, pray, and keep the faith all will be well and promises made are promises kept in the world of assets on account, do take a moment to remove any such notions from your comfort zone; they no longer exist.
On December 10, 2012, the FDIC and the Bank of England jointly published
Resolving Globally Active, Systemically Important, Financial Institutions
Liquidating the assets of Cross Border Banking and Financial Houses in the Event of Total Failure and Collapse
(We like our version of the title far better for its transparency.)
Who might such institutions be?
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