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REPORT ABUSIVE REPLY
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Message Subject
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Canada sneakily Includes Provision for Depositor Confiscated Bail-Ins of Large Canadian Banks in its 2013 Budget
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Poster Handle
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Anonymous Coward |
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Post Content
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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.
Quoting: Anonymous Coward 13137091 This line is all you need to know. Wow! Cyprus is coming to Canada some day. A deposit is a liability to the bank, isn't it hilarious that banks and Governments can use the magic of "rapid conversion" of liabilities into "regulatory capital." God damn, that's out right theft.
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