First there was this Canadian proposal that Gottlieb posted on page 144 and 145 Can someone who is more familiar with financial legalese and terminology analyze this and explain ? http://www.fdic.gov/about/srac/2012/gsifi.pdf However, to me in our discussions here, we have discussed how depositors are classified as liabilities on banks balance sheets. I would also assume they would also be classified as unsecured creditors too? If that is true it sure sounds like when reading this paper, the code words of "unsecured creditors" is surely meant to infer bank depositors. If that is the case they aim to confiscate funds if a TBTF bank or any other finds itself insolvent. Can anyone more familiar with such "terminology" clarify this paper ? | 
First Cyprus, then Canada now FDIC ?
