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<p>[QUOTE=&quot;doug5353, post: 2125945, member: 73555&quot;]&quot;Should the government reimburse people for losing money? I think we did already with the bank bailout.&quot;</p><p><br /></p><p>No, you have it backwards.&nbsp; In Cyprus, the first significant bail-in, some of the DEPOSITORS&#039; funds were confiscated and given <u>to the banks</u> so they could meet their capital requirements during a banking crisis.&nbsp; This was deemed the lesser evil.&nbsp; They may have received bonds or some kind of financial instrument in exchange, but those were worthless the day they were issued.</p><p><br /></p><p>See Wikipedia for details:&nbsp; The <a href="http://en.wikipedia.org/wiki/Dodd-Frank_Act" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Dodd-Frank_Act" rel="nofollow">Dodd-Frank Act</a> Title II now legislates bailout procedures for the United States.....Title II is aimed at protecting the financial stability of the American economy, <b><span style="color: #ff4d4d">forcing shareholders and creditors</span></b> to bear the losses of the failed financial company.....[/QUOTE]</p><p><br /></p>

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