3 Jahre - Youtube

Remember the CLAWBACK legislation that was passed a few years back. Perhaps the most ominous dynamic that I have yet heard of in regards to this economic collapse is that of the risk of potential CLAWBACK actions. For those who do not know, “clawback” is the process by which a bankruptcy trustee is legally permitted to re-seize assets that left a bankrupt entity in the time period immediately preceding the entity’s collapse. So, using the MF Global customers as an example (where Jon Corzine STOLE the customer cash at MF Global), any funds that were withdrawn from MFG accounts in the run-up to the collapse, either because of suspicions the customer may have had about MFG from, say, watching the company’s bond yields rise sharply, or from purely organic day-to-day withdrawls, the bankruptcy trustee COULD initiate action to “clawback” those funds. They can expand that to 'clawback' any money which you may have pulled out of your bank at any time in the past if that bank happened to fail, or even just as part of a bail-in to save that bank.