http://www.fdic.gov/about/srac/2012/gsifi.pdf http://www.fdic.gov/about/srac/2012/gsifi.pdf Resolving Globally Active, Systemically Important, Financial Instit

http://www.fdic.gov/about/srac/2012/gsifi.pdf http://www.fdic.gov/about/srac/2012/gsifi.pdf Resolving Globally Active, Systemically Important, Financial Institutions. "...An efficient path for returning the sound operations of the G-SIFI to the private sector would be provided by exchanging or converting a sufficient amount of the unsecured debt from the original creditors of the failed company [meaning the depositors] into equity [or stock]. In the U.S., the new equity would become capital in one or more newly formed operating entities...the highest layer of surviving bailed-in creditors would become the owners of the resolved firm. In either country, the new equity holders would take on the corresponding risk of being shareholders in a financial institution." ===> Sounds like what happened in Cyprus. They got stock in return for the haircut. No exception is indicated for "insured deposits" in the U.S. Bloomberg: "...Bank of America’s holding company...held almost $75 trillion of derivatives at the end of June..." ===> I don't know where you get your news, but I'm willing to bet that the sources you trust are not going to be talking about this until your haircut is complete. And when they do, they will probably blame it on "deregulation."