Yep, that's the template. Open Banking Resolution (OBR), get to know the acronym well, as we'll be seeing more of it. We'll be lucky if its only 10%.
http://www.rbnz.govt.nz/finstab/banking/4430900.htmlThe first paragraph states it very clearly. This is the new collapse model. They've turned banking upside down.
Its truly amazing the illogical irrational language they use for justification.
This time the theft is placed on the creditor or shareholder, not the tax payer. So they say. Crazy thing is, they are one and the same. Its theft from two different angles, its still theft, same victims.
They've changed the game of banking, now instead of being a steward to secure our monetary holdings when we deposit money, its the banks to take use at its discretion, we immediately become creditors of the bank. If they can't repay our money, we then become a shareholder of a worthless financial institution that has only paper assets, nothing tangible.
This is basically a bank heist in reverse, only we won't see police chasing any get away cars or their heads being bashed in and tossing them in the slammer.
The amount of blatant and outright thievery at all levels is taking place, without much of whimper of discussion.