Confirmed: If Needed Government Will Rescue Canada's Banks By Robbing Your Savings Like Cyprus

I started asking on Monday, and again on Tuesday, whether the confiscation of money from private bank accounts could happen in Canada the way it has happened in Cyprus. 

My argument was that yes it could, especially given that Cyprus is a modern European nation and that the decision to dip into accounts was made by finance ministers and officials from countries such as Germany, France and Italy.

This was not a Robert Mugabe theft of cash. If it can happen there then it can happen here.

Little did I know that the answer was already in the budget....

Here's a link to the pdf page 145 (155 of the PDF). Have they confiscated pitchforks yet?

 

H/T BCF