Winner Takes All: The Super-Priority Status Of Derivatives

Cyprus-style confiscation of depositor funds has been called the "new normal." Bail-in policies are appearing in multiple countries directing failing TBTF banks to convert the funds of "unsecured creditors" into capital, and those creditors, it turns out, include ordinary depositors.

http://seekingalpha.com/article/1330491-winner-takes-all-the-super-priority-status-of-derivatives?source=feed