Media Release - Stop Parliament from secretly legislating to steal deposits
Craig Isherwood from the Citizens Electoral Council joins us to talk about the Federal Government pushing through a law to steal your money from your accounts.
The Citizens Electoral Council has just discovered that legislation is being secretly prepared to give Australia’s banking regulator “bail-in” powers to confiscate the savings of the Australian people, just as in Cyprus.
The CEC is mobilizing to expose and stop this secret plan, and force the Parliament to instead fully protect deposits and essential banking services from an inevitable collapse by passing a Glass-Steagall separation of speculative investment banking from banks that hold deposits.
Stop Parliament from secretly legislating to steal deposits