“Financial Cleansing”: The Cyprus Bail-in Global Banking Template

The recent bail-in in Cyprus has given the world a glimpse at the future of the banking landscape. Now, as Canada gets set to hardwire the bail-in process into law, analysts like Michel Chossudovsky are warning how the big banks can use this template to further consolidate their monopoly of economic control. This is the GRTV Backgrounder on Global Research TV.

 

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Ottawa clarifies Cyprus-style ‘bail-in’ language in federal budget

Look at page 144 and 145 where this policy of  Establishing a Risk Management Framework for Domestic Systemically Important Banks is discussed with the ‘bail in’ language is used.

 

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