But they wouldn't obtain those shares at the current share price of the financial institution (as was done with the Cyprus Steal). Obviously they would have to obtain their shares at a rate equal to the cheapest options or warrants possessed by any current executive or officer within the bank. One could never allow the Gamblers who perpetrated the robbery from their own depositors to be allowed to create new shares for themselves at a better price than their victims. If bank executives decided that such a price was "too generous" (for the Little People), that's no problem. Simply declare that any/all cheaply-priced warrants and options held by all officers and senior executives are immediately null-and-void -- up to whatever price-level those executives would be comfortable issuing shares to their depositors. Speaking of the executives and officers who perpetrated the bank robbery to ward-off the immediate bankruptcy of their own bank; obviously we need "more provisions" to govern how they are rewarded for their conduct. It would be illegal to pay-out any "bonus" or non-salary incentive to any officer/executive of the bank for some suitable period after the bail-in takes place. It would be illegal to award any bank executive any raise in pay, until some time after the bank has become genuinely profitable for consecutive quarters. Naturally all severance packages for those same executives would also instantly become null-and-void. No golden parachutes for gamblers who bankrupt their own companies to such an extreme degree. To those bank apologists (i.e. the mainstream media) who would argue that such minimal justice would make it impossible for these banks to "retain and attract" competent personnel, the retort is obvious. To manage to bankrupt themselves to such an outrageous degree (despite receiving preferential treatment from government every day of their existence) proves quite conclusively that these fraud-factories never had any "competent personnel" to begin with -- at least not in senior management. Handing out carrots to bankers in the hope that these fraud-factories would suddenly begin hiring competent personnel in senior management is not a "luxury" to which these welfare recipients are entitled. Show me a country proposing to perpetrate their own "bail-ins" with similar provisions in place, and I'll show you a government which hasn't entirely forgotten the rule of law. I'm not holding my breath. Follow @bullionbullsThis article was written by an independent contributor, separate from TheStreet's regular news coverage.