If everybody stopped paying their mortgage tomorrow you could be right.
Banks and lending is nothing out of the ordinary. At least the banks here give their ore to get your business. That means they are not going to show a negative profit anytime soon.

doog is under the false impression that our banks are safe and truly profitable. Our banks doog have derivative exposure of $21.5 trillion or 14 times our GDP. They are using our mortgages as collateral to borrow from OS central banks and gamble in the derivative market. All this "quantitative easing" money is mostly in the gambling economy.

How can banks make record profits on a shrinking world economy ? Easy. They just print more money that they know full well like the 1930's Depression will collapse. Both the IMF and Moodys have warned about the highly over inflated houses in Aust. What happens when interest rates go up and unemployment does likewise? What happens when there are too many houses on the market and not enough buyers?

"It appears that at the moment Governments worldwide are looking at new ways to TAX people."

I feel the same, just wonder when there will be a tax for breathing in oxygen...

Bazz - The bail in effects a bank and depositors of that bank get their money used to bail it out.

This system is every deposit is taxed payable by the bank but they will pass it onto the depositor, they money can then be used to bail out ANY bank.

The main part I don't like is this bit "the money will be counted as revenue in the federal budget." That suggests the politicians will use it deceptively to have a higher deficit, and could just commandeer it for there own use.

I believe you are right insofar as the percentage can be changed at a whim.

Phillip,
I think the risk is the government will indeed treat the tax as income
to be used as they wish.
Then when it hits the fan there will only be enough depositors money to
save one bank. That is what happened in Cyprus.
They will already have used the bank tax to pay the governments interest
bill.

It strikes me that the whole thing is very unstable and is likely to
collapse when shale oil in the US shows a significant decline in 2019 or
possibly earlier.

Derivative exposure!
You can't have a derivative unless you have the asset to protect. How else can a bank get insurance. Everybody that has insurance has a derivative, which expires every twelve months.
A very necessary component of business, that safeguards assets, when ordinary insurance does not.
Arjay has a lot of provisos, that all have to come together at the same time.