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I'm concerned more and more

I'm concerned more and more that this kind of thievery will be used In the US when the next market collapse hits, or to "rescue" the massive Baby Boomer population from their own poor savings habits.

Well velveeta..

This just 'socializing' losses (with a 'threshold').
That threshold is arbitrary.. now set at $132,000.. $ can be lowered.
Boiling frogs.
This is obvious and blunt... but at least it is declared.
In your face declared.
imo.. it's MORE honest than what our government does..
taxpayer bailouts and debasing currency achieves the same thing
through sleight of hand...
I prefer IN YOUR FACE... it has a better chance
to rally torches and pitchforks... maybe.