For the lay people who don't understand the signifcance of this, it basically means your bank account can be legally emptied out if your bank encounters financial strife, and used to pay off your bank's debt!
For the lay people who don't understand the signifcance of this, it basically means your bank account can be legally emptied out if your bank encounters financial strife, and used to pay off your bank's debt!
RE: Australian Senate Secretly Passes Financial Sector "Crisis Resolution Powers" Bill. Bail In!