5 definitions by AgeOfJefferson

bail-in (noun, verb)

- The situation in which a bank steals a depositor’s money from their account. Depending on the jurisdiction, it can permitted in accordance with banking or governmental legislation.
1. Bank depositors in Cyprus got a rude awakening when they saw that their bank accounts had been bailed-in.

2. The Canadian Parliament has now passed legislation which will allow future bank bail-ins.

3. The IMF has proposed a one-off tax for European bank depositors who have accounts with funds in excess of 100,000 euros.

4. In order to fund their latest deficit, the nation is considering implementing a $30 billion bail-in package.
by AgeOfJefferson September 20, 2014
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Extremely wealthy people with tremendous influence and power who benefit from fiscal or monetary policies and their personal investments. It can also refer to people who come from a wealthy family background and who live a life of luxury filled with riches and good times.
1. The Fed’s money printing program will mostly benefit the elite who are heavily invested in the stock market.

2. The elite are really the ones pulling the strings in government.

3. The Rothschilds are the elite of the elite.
by AgeOfJefferson September 20, 2014
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puppet / puppet government

- A person, organization, or government that is highly influenced by and acts on behalf of another party. The puppet will often do as the other party says without too much resistance and may be seen as afraid to think or act independently, sometimes in fear of possible punishment by the puppet master.
1. Northern Cyprus is run as a puppet state of Turkey.

2. A puppet government has been installed in many countries by the CIA.

3. The US government orchestrated the overthrow of the elected government in Ukraine and imposed a US puppet in Kiev.
by AgeOfJefferson September 20, 2014
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bail-out (noun, verb)

- A person or financial institution providing money to a party that made a bad investment in order to cover their losses.
1. The Fed bailed-out out the big banks during the financial crisis.

2. The British Government issued a 500 billion pound bail-out package as a response to the ongoing financial crisis.

3. It is the taxpayers who will ultimately have to pay for the latest bank bail-outs.
by AgeOfJefferson September 20, 2014
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A word derived from combining “banker” and “gangster”.

- A private bank that engages in illegal, deceitful, or unethical practices for profit at the expense of their customers or associates.
1. The banksters at Goldman Sachs promoted and sold shady mortgage back securities to their clients which resulted in huge losses.

2. I really hate banksters because they only care about making profits for their shareholders and receiving those huge bonuses.

3. Our banksters are gambling with depositors’ money by buying very risky derivatives.
by AgeOfJefferson September 20, 2014
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