National Bank of Greece ADR (fka NBGGY)

[fourdueces]

A bail in, allows the banks to hold the junior and senior bondholders accountable for the dept needed to write off. There for any bank account can be wiped that are unsecure in a bail in. I've read this over and over. Banks might be strong but if they can write off dept there not going to do it??
This is what I'm basing that comment off of. No one knows exactly what a bail in might do or include.


http://www.wsj.com/articles/investors-in-greek-banks-face-wipeout-on-recapitalization-1437047435

https://en.m.wikipedia.org/wiki/Bail-in#Bailout_vs._bail-in

http://internationalinvest.about.com/od/glossary/a/What-Is-A-Bail-in-and-How-Does-It-Work.htm

https://www.corbettreport.com/greek-bail-in-cometh-as-eu-tightens-control/

http://www.zerohedge.com/news/2015-07-04/will-greek-depositors-under-%E2%82%AC100000-be-spared-case-bail