pensions Archive

  • Ellen Brown writes on how the Detroit bankruptcy seeks to sacrifice pensioners to pay off the big banks, appearing like the "bail-in" template pushed upon Cyprus which restructured their insolvent banks using depositors funds while sparing those from other banks and governments. Stephen Colbert sums up the situation with some levity as Detroit fights its way back to solvency.

    Detroit Follows Cyprus: Make Pensioners Pay for Bankruptcy

    Ellen Brown writes on how the Detroit bankruptcy seeks to sacrifice pensioners to pay off the big banks, appearing like the "bail-in" template pushed upon Cyprus which restructured their insolvent banks using depositors funds while sparing those from other banks and governments. Stephen Colbert sums up the situation with some levity as Detroit fights its way back to solvency.

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