The idea that European banking officials might adopt a new bailout model, where the central banks of struggling countries are required to seize portions of citizen's savings accounts, pushed preferred stock market prices up in the U.S. right along with their common stock cousins. Over the first quarter of 2013, the average market price of U.S.-traded preferred stocks increased by $0.23 per share to $25.67, up from $25.44 at the end of 2012.
The new bailout ("bail-in") model saw its first test in Cyprus. Predictably, those lined up at ATM machines on the tiny island quickly sucked the machines dry and the run on banks promptly resulted in outright closures...
Note To Readers: This article was chosen to appear on the popular investing website 'Seeking Alpha'.
By clicking here a new window/tab will open on your screen to this article as it appears at SeekingAlpha.com.
Receive my Seeking Alpha articles by email: When viewing one of my articles at Seeking Alpha, click on the "Follow" button under my picture. You will be notified by email when I post a new article to Seeking Alpha.
Please enjoy reading this article at Seeking Alpha.
Many Happy Returns.
The new bailout ("bail-in") model saw its first test in Cyprus. Predictably, those lined up at ATM machines on the tiny island quickly sucked the machines dry and the run on banks promptly resulted in outright closures...
Note To Readers: This article was chosen to appear on the popular investing website 'Seeking Alpha'.
By clicking here a new window/tab will open on your screen to this article as it appears at SeekingAlpha.com.
Receive my Seeking Alpha articles by email: When viewing one of my articles at Seeking Alpha, click on the "Follow" button under my picture. You will be notified by email when I post a new article to Seeking Alpha.
Please enjoy reading this article at Seeking Alpha.
Many Happy Returns.
