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Look Inside My Book!: http://book.themoneygps.com ******************************************************************** My Free eBooks: FLUORIDE: http://fluoride.themoneygps.com GMO: http://gmo.themoneygps.com VACCINES: http://vaccines.themoneygps.com Join The Money GPS Insiders: http://themoneygps.com PREPARE for the COLLAPSE: http://amazon.themoneygps.com ******************************************************************** Dormant (abandoned) accounts Accounts which are inactive or presumed to be abandoned will be subject to escheat (this means the deposits become the property of the federal government) in accordance with federal law and transferred to the Bank of Canada. Canberra reaps $360m from inactive bank accounts Bank of Cyprus’s Bail-in Blues The Government proposes to implement a ―bail-in‖ regime for systemically important banks. This regime will be designed to ensure that, in the unlikely event that a systemically important bank depletes its capital, the bank can be recapitalized Poland reduces public debt through pension funds overhaul In the event of a future banking crisis, European finance ministers agreed there would be bank 'bail-ins' instead of 'bailouts' where investors would be forced to rescue struggling financial institutions. Sources: https://www.tdcanadatrust.com/document/PDF/accounts/tdct-accounts-fst-20141001.pdf http://www.smh.com.au/national/canberra-reaps-360m-from-inactive-bank-accounts-20140609-39t8p.html http://blogs.wsj.com/moneybeat/2014/07/29/bank-of-cypruss-bail-in-blues/ http://www.budget.gc.ca/2013/doc/plan/budget2013-eng.pdf http://www.reuters.com/article/2013/09/04/poland-pensions-idUSL6N0H02UV20130904 http://money.cnn.com/2013/06/27/news/world/eu-bank-rescue/index.html?iid=HP_River http://www.voxy.co.nz/politics/national-planning-cyprus-style-solution-greens/5/150410