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Joe Shlabotnik

(5,604 posts)
4. I'm not up on the Dodd-Frank details
Sat Jan 9, 2016, 04:48 PM
Jan 2016

but up here in Canada a bail-in law was quietly passed in an omnibus bill just a few years ago. Basically the bank can take a portion of your funds, as a first measure, and issue you stock in exchange (which could end up being worthless). I think there are actually several European countries who have done the same, not just Greece.

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