It's Official: Canadian Bank Depositors Are Now At Risk Of Bail-Ins

http://www.zerohedge.com/news/2016-03-22/its-official-canadian-bank-depositors-are-now-risk-bail-ins

...we have official confirmation that Canada has just become the latest country to treat depositors as the bank creditors they are, and as such, they too will be impaired, or "bailed-in" the next time a Canadian bank needs to be rescued. 

This new "bail-in" regime is spun as benefitting taxpayers; what isn't mentioned is that most of those taxpayers who will be "protected" also happen to be the impaired depositors (also known as creditors) in these soon to be bailed-in banks, which begs the question: just who or what is being protected here?