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Cyprus-style Bank Account Confiscation Is In The New Canadian Government Budget

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Comment by Rosemary S on April 1, 2013 at 12:30am

Not surprising. Our government is so weird. It is not the Canada that I use to know. It is now an extreme right wing government that is making one mistake after another. Here $60,000. is protected by the bank. Over this amount, it is at your own risk. But being so few, this amount may be lowered. The government is making a promise to consult the stakeholders... that is a term use to describe those Canadian who have share in the Banking system. I would be surprised if they will ever do a referendum about this. 

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.

Did I ever told you how Harper won his election? Well he did it by paying this US company to phone Canadian Citizen and give them the wrong address where to vote. After an inquiry, 40,000 people complained that they were given misinformation on where to vote.


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