ColumnistsStrict Standards: Only variables should be assigned by reference in /home/times/public_html/ct2/plugins/content/jabookmark/jabookmark.php on line 68
Columnists
Conservative Budget Bail-in Regime May Allow Banks to Confiscate Customer's Deposits
- Columnists
- Published Date
by Dr McVety
On March 21st, 2013, Prime Minister Stephen Harper had his Finance Minister Jim Flaherty present their 2013 Budget that included a "Bail-In Regime" on page 145. "The clause will allow banks to convert liabilities into capital in times of need". The recent events in Cyprus, coupled with the G20 agreement in Mexico City-2012, suggest that this so called bail-in scheme may be used to plunder the savings of Canadians.
...Conservative Budget Bail-in Regime May Allow Banks to Confiscate Customer's Deposits
