Check out this article
So far we've had:
1) A Bail-In plan punishing depositors in Cyprus
2) The Canadian government putting a Bail-In provision in their banking legislation
Your banking deposits are YOUR money. They should not be confiscated or taxed. You've already been taxed on it. It's theft.
In Europe they changed the rules of the game from "Your deposits are safe in a bank" to
"we need the money in your bank account to bail out banks that made bad investments in your bank, who consequently because of those bad investments, continued to make bad decisions. We know that your money is supposed to be gauranteed by the EU agreements, but we're taking it anyway"
If you don't think it can happen here you are insane. Obama changed the rule of law in the same fashion when he took money from the bondholders of GM to pay the shareholders (who are supposed to be junior to the bond holders). Basically as a bribe to the union. They're still making shitty cars.
Have a great weekend y'all.....