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To: fruser1

They misinterpreted it.

http://www.zerohedge.com/news/2016-03-22/its-official-canadian-bank-depositors-are-now-risk-bail-ins


21 posted on 08/26/2016 10:06:22 AM PDT by MeganC (JE SUIS CHARLES MARTEL!!!)
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To: MeganC

No, you and others with an agenda have misinterpreted it, either out of ignorance or intent.


25 posted on 08/26/2016 10:08:56 AM PDT by PAR35
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To: MeganC
See page 4 of the doc at the link, explaining the intent of the program, copied below:

"Under this approach, CDIC would be appointed as the receiver of the non-viable bank and would determine which of the bank’s assets and liabilities should be passed to the bridge institution (including, at a minimum, all insured deposits)"

https://www.fin.gc.ca/activty/consult/tpbrr-rpcrb-eng.pdf

I've found that a quick search ALWAYS discredits the paranoid claims of zerohedge. Thanks for helping me affirm my opinion of them.

Whenever I see an outrageous thread title on FR, but then see zerohedge as the source, I skip it.

I recommend the same for you.

36 posted on 08/26/2016 10:24:55 AM PDT by fruser1
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