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Strategies & Market Trends : Take the Money and Run

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To: John P who wrote (17610)4/2/2013 10:49:47 PM
From: selivanov  Read Replies (2) of 17636
 
Here is John Pitera's "absolutely amazing innovation": The "safest" banks in the world in Kanada are telling you right in Pitera's pie hole that they plan to steal all your money:

budget.gc.ca

From page 145 of the recent budget (see link):

"The Government proposes to implement a "bail-in" regime for systemically important banks. This regime will be designed to ensure that, in the unlikely event that a systemically important bank depletes its capital, the bank can be recapitalized and returned to viability through the very rapid conversion of certain bank liabilities into regulatory capital. This will reduce risks for taxpayers. The Government will consult stakeholders on how best to implement a bail-in regime in Canada. Implementation timelines will allow for a smooth transition for affected institutions, investors and other market participants."
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