Apparently already implemented in several European countries, this proposed banking policy goes hand-in-hand with getting rid of cash. I first mentioned ZIRP & NIRP a few years ago in this blog, but now it looks like they're going for the jugular.
Here Zerohedge says it's a certain way to crash the system (which is what Bix Wier says they're trying to do):
Well, that's one way of stopping the ecology from crashing! A little drastic, perhaps...