All4one has now clarified. He is talking about bail-in...

All4one has now clarified. He is talking about bail-in legislation based on what I suppose to be an international
scheme or arrangement in terms of which creditors of an institution with amounts above $200,000.00 will be automatically required to convert their interests into equity in a bank going belly-up.

This has, of course, to do with the need to minimize tax-payers exposure to the disbursement of billions in bail-outs of institution too big to fall.

Legislation to this effect has been portrait by some extremist right-wing groups as government robbery of people's savings. Note that deposit amounts bellow the $200,00 threshold are apparently still being guaranteed at tax-payers expense .

ttp://www.bloomberg.com/news/2013-04-23/eu-assembly-seeks-depositor-preference-in-draft-bail-in-law-deal.html