“Seizing depositor accounts is NOT part of the plan per the link.”
Not per the link, true. But the regulations that are proposed and as authorized by this budget convert depositors into creditors.
http://www.zerohedge.com/news/2016-03-22/its-official-canadian-bank-depositors-are-now-risk-bail-ins
I found too many errors on zerohedge to believe anything they say anymore. I stopped looking at their links months ago.
Got another?
From the comment section of your link ...
It says “convert long term debt” unless you have multi year CDs, your deposits are all short term. Most people would classify in short term even if depositors equaled creditors
He provides text to support his statement but the text does not reference deposits.
Depositors have always been creditors. Nothing new under recent clarifications/warnings.