"Federal government looking at 'Cyprus solution'"
"Meaning no bailout by taxpayers, but rather a "bail-in" that would force the bank's creditors to absorb the staggering losses that such an event would inevitably entail.
If that sounds sobering, it should. While officials in Ottawa are playing down the possibility of a raid on the bank accounts of ordinary Canadians, they chose not to include that guarantee in the budget language."
HEADS UP CANADIANS!!!!!!!!!!!!!!!!
YOUR BANKING SYSTEM IS JUST LIKE OTHER COUNTRIES - VERY WEAK...