Written in Ink
Written in Ink

If Republicans win the next election, you might want to look elsewhere to move to. It's come out that in the 2013 budget our Conservative Overlord Stephen Harper and his pet blowfly Jim Flaherty have included a clause that allows the banks to seize clients assets in the event that the bank depletes capital and needs to convert the assets of the newly broke into capital to keep afloat.

"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. (Budget 2013 -page 145)"


Words alone cannot describe how angry I am at every single FOOL who voted for this idiot. Unbelievable, I'm going to make sure everyone I know, knows about this. You too can help, spread this around, kick up a fuss and lets get this out in the open! It doesn't affect you, but when has Canada ever asked much of you?


(Page 155, instead of 145)


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