{"id":7,"date":"2014-05-13T21:13:31","date_gmt":"2014-05-13T21:13:31","guid":{"rendered":"http:\/\/conservativevalues.ca\/cv\/bailin\/?page_id=7"},"modified":"2016-08-31T16:07:49","modified_gmt":"2016-08-31T16:07:49","slug":"home","status":"publish","type":"page","link":"http:\/\/conservativevalues.ca\/cv\/bailin\/","title":{"rendered":"Home"},"content":{"rendered":"<p><a title=\"Petition\" href=\"http:\/\/conservativevalues.ca\/cv\/bailin\/petition\/\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-17\" title=\"bailin\" src=\"http:\/\/conservativevalues.ca\/cv\/bailin\/files\/2014\/05\/cv_slider_bail_in.jpg\" alt=\"\" width=\"940\" height=\"350\" \/><\/a><\/p>\n<div class=\"column grid_fifth_2\"> <div class=\"info-box info-box-doc\"><div class=\"icon\"><\/p>\n<div id=\"newsWidget\"><script language=javascript src=\"http:\/\/hacedoresdehistoria.ca\/rss\/feeds\/rss.php?url=http%3A%2F%2Fwww.canadiantimes.ca%2Fct2%2Findex.php%2Fcanadian-times%2Ffinance%3Fformat%3Dfeed%26type%3Drss&#038;newpage=1&#038;chead=1&#038;atl=1&#038;desc=1&#038;owncss=1&#038;eleminate=1&#038;auth=&#038;dts=&#038;width=300&#038;max=7&#038;maxfrom=7&#038;maxto=7&#038;tlen=0&#038;rnd=&#038;bt=3&#038;bs=Double&#038;nmb=1&#038;ntb=1&#038;naf=1&#038;nst=1&#038;nwd=0&#038;nht=0&#038;initime=1419003410&#038;dlttime=0&#038;dlen=0&#038;bg=%23FFFFFF&#038;bc=BLUE&#038;tc=BLACK&#038;ts=11&#038;spc=&#038;ims=1&#038;lc=BLUE&#038;lstyle=-1&#038;rel=&#038;tfont=Verdana,+Arial,+Sans-serif\"><\/script><\/div>\n<p><div class=\"clear\"><\/div><br \/>\n<div class=\"clear\"><\/div><br \/>\n<div class=\"clear\"><\/div><br \/>\n<div class=\"clear\"><\/div><br \/>\n<div class=\"clear\"><\/div><\/p>\n<p><\/div><\/div><\/div><!-- .column (end) -->\n<h1>Banks are preparing for an \u2018economic nuclear winter\u2019<\/h1>\n<p><iframe loading=\"lazy\" src=\"https:\/\/player.vimeo.com\/video\/180907270\" width=\"500\" height=\"300\" frameborder=\"0\" webkitallowfullscreen mozallowfullscreen allowfullscreen><\/iframe><\/p>\n<p>The first half of 2016 has been a roller-coaster for financial markets. A combination of uncertainties surrounding the U.K.&#8217;s vote to leave the European Union and weaker-than-expected corporate earnings results across the region means a tough second half looms.<\/p>\n<p>European banks, in particular, have had a very tough six months as the shock and volatility around Brexit sent banking stocks south. Major European banks like Deutsche Bank and Credit Suisse saw their shares in free-fall after the referendum&#8217;s results were announced. In the U.K., RBS was the worst-hit, with its shares plunging by more than 30 percent since June 24.<\/p>\n<p><a href=\"http:\/\/www.cnbc.com\/2016\/08\/29\/banks-are-preparing-for-an-economic-nuclear-winter.html\" target=\"_blank\">Read More<\/a><\/p>\n<p><iframe loading=\"lazy\" width=\"500\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/qvZ5S-Jt6sw?rel=0\" frameborder=\"0\" allowfullscreen><\/iframe><\/p>\n<h1>The Bail-In: Or How you Could Lose<br \/>\nYour Money in the Bank<\/h1>\n<p>Buried in the Liberal Federal Budget that was introduced on March 22, 2016, under Chapter 8 \u2013 Tax Fairness and a Strong Financial Sector, was a section titled \u201cIntroducing a Bank Recapitalization \u2018Bail-in\u2019 Regime.\u201d Simply stated, in the unlikely event of a large bank failure, the Government proposed it would reinforce that bank shareholders and creditors are responsible for the bank\u2019s risks \u2013 not taxpayers.<\/p>\n<p>What that means is that shareholders, bondholders and depositors, rather than taxpayers, are responsible for the bank\u2019s risks in the event of a failure. During the 2008 global financial crash, banks that were deemed \u201ctoo-big-to-fail\u201d were bailed out by the government, meaning the taxpayer footed the bill. None of the banks were Canadian banks, but it does need to be noted that Canadian banks received some $114 billion from Canada\u2019s federal government. This was against the background of Canadian banks being declared \u201cthe most sound banking system in the world.\u201d At the time, the government denied there was any bailout, preferring to use the term \u201cliquidity support.\u201d To put the amount in perspective, $114 billion is roughly 7% of Canada\u2019s GDP.<\/p>\n<p><a href=\"http:\/\/bmgbullion.com\/bail-lose-money-bank\/\" target=\"_blank\">Read More<\/a><\/p>\n<h1>Trudedeau&#8217;s Bail-In Now to Allow Banks to Confiscate your Deposits<\/h1>\n<p>On June 22, 2016 Bill C-15 became law along with its controversial &#8220;Bail-In Regime&#8221;. In the crash of 2008 governments &#8220;bailed out&#8221; banks with billions of dollars. The next time around banks will be permitted to seize your deposits and exchange them for shares, shares in a failed bank.<\/p>\n<p>Some say that Canadian banks are so strong Canadians don&#8217;t have to worry. But the experts say &#8220;Canada is in Serious Trouble&#8221;. DBRS, Moody&#8217;s and Standard and Poors all have downgraded Canadian banks to a &#8220;negative&#8221; outlook. The Bank of Canada says our housing market is 30% overvalued, Deutsche Bank says 63% and CMHC says 35%. With average house prices now over $1.3 million in Toronto and Vancouver, a crash appears imminent.<\/p>\n<p>Canadian banks have over $1 trillion invested in residential mortgages. If values come down, banks could easily find themselves under water at which time they will be permitted to take your hard earned deposits to pay their debts.<\/p>\n<p>Deposits under $100,000 appear to be covered by CDIC insurance but anything above, personal or business, will be fair game for the bail-in.<\/p>\n<hr>\n<h1>The 2016 Budget&#8217;s Bail-in Clause<\/h1>\n<p><strong>Division 5<\/strong><br \/>\n<strong>Section 39.2<\/strong><br \/>\n<strong>Restructuring transactions<\/strong><\/p>\n<p><strong>Conversion<\/strong><br \/>\n<strong>Section <\/strong><br \/>\n<strong>(2.\u200d3)<\/strong>\u2002An order made under paragraph39.\u200d13(1)\u200d(d) gives the Corporation the power to convert, or cause<strong> the federal member institution to convert, in whole or in part<\/strong>\u2009\u2014\u2009by means of a transaction or series of transactions and in one or more steps\u2009\u2014\u2009the<strong> institution\u2019s shares and liabilities<\/strong> that are prescribed by the regulations made under subsection (10)<strong> into common shares<\/strong> of that institution or of any of its affiliates.<\/p>\n<p><a href=\"http:\/\/www.parl.gc.ca\/HousePublications\/Publication.aspx?Language=E&#038;Mode=1&#038;DocId=8385247\" target=\"_blank\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-115\" title=\"budget-2016\" src=\"http:\/\/conservativevalues.ca\/cv\/bailin\/files\/2016\/08\/click-here-to-the-budget.jpg\" alt=\"\" width=\"499\" height=\"49\" \/><\/a><\/p>\n<div class=\"divider divider-solid\"><\/div>\n<p><a href=\"http:\/\/conservativevalues.ca\/cv\/bailin\/petition\/\"><img loading=\"lazy\" src=\"http:\/\/conservativevalues.ca\/cv\/bailin\/files\/2014\/05\/bail-in-regime.jpg\" alt=\"\" title=\"STOP-THE-BILL-IN-REGIME\" width=\"448\" height=\"366\" class=\"aligncenter size-full wp-image-164\" \/><\/a><\/p>\n<p>&nbsp;<br \/>\n&nbsp;<\/p>\n<p><\/p>\n<div class=\"clear\"><\/div>\n<div class=\"divider divider-solid\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Banks are preparing for an \u2018economic nuclear winter\u2019 The first half of 2016 has been a roller-coaster for financial markets. A combination of uncertainties surrounding the U.K.&#8217;s vote to leave the European Union and weaker-than-expected corporate earnings results across the region means a tough second half looms. European banks, in particular, have had a very [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":[],"_links":{"self":[{"href":"http:\/\/conservativevalues.ca\/cv\/bailin\/wp-json\/wp\/v2\/pages\/7"}],"collection":[{"href":"http:\/\/conservativevalues.ca\/cv\/bailin\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/conservativevalues.ca\/cv\/bailin\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/conservativevalues.ca\/cv\/bailin\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/conservativevalues.ca\/cv\/bailin\/wp-json\/wp\/v2\/comments?post=7"}],"version-history":[{"count":117,"href":"http:\/\/conservativevalues.ca\/cv\/bailin\/wp-json\/wp\/v2\/pages\/7\/revisions"}],"predecessor-version":[{"id":226,"href":"http:\/\/conservativevalues.ca\/cv\/bailin\/wp-json\/wp\/v2\/pages\/7\/revisions\/226"}],"wp:attachment":[{"href":"http:\/\/conservativevalues.ca\/cv\/bailin\/wp-json\/wp\/v2\/media?parent=7"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}