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(Zero Hedge)   You implement an over-the-weekend 6.75% levy on all bank accounts as part of your "bailout plan", we smash through your bank with an excavator. That's the Cyprus way   (zerohedge.com) divider line 18
    More: Scary, Frozen Assets, Cyprus, bank accounts, Jean-Claude Juncker, Spanish Banks, Europe, rescues, deposits  
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10247 clicks; posted to Main » on 17 Mar 2013 at 10:25 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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Archived thread
2013-03-17 10:57:38 AM  
5 votes:
Wow, the conservatards are out in full force this morning. Shouldn't you all be at church?
2013-03-18 02:56:47 AM  
2 votes:
Angela Merkel arrives at Athens airport for a finance summit meeting.

Immigration officer: "name?"

AM: "Angela Merkel"

Officer: "occupation?"

AM: "No - just staying for a few days"
2013-03-17 11:55:08 AM  
2 votes:

GAT_00: Really? You're equally responsible for every action taken by your bank for having deposits in it?


Duh!
Otherwise, after you had your white-tie dinner with the president of the bank, you would have realized what a nincompoop he was and decided to make your deposits in one of the other banks whose presidents you attended college with.
Get with the program!
2013-03-17 11:45:19 AM  
2 votes:
Those silly Cypriots.  They should have taken a clue from us--tax the citizens indirectly to prop up the banks.

Whatever you do, never let a bank fail.  They're the world's most important people.
2013-03-17 11:07:50 AM  
2 votes:

orbister: GAT_00: And this bailout is utterly bogus.  They're actually arguing it is right to tax the people who have money in the bank because they are responsible for the actions of the bank, which is ridiculous.  They've also frozen the funds necessary to pay the tax from everyone's accounts already, even though for the plan to be put into place, it requires the approval of Cyprus' assembly.

As with Iceland, a very large amount of the money in and moving through Cyprus is Russian mafia money being laundered. German electors are not keen to protect the financial interests of the Russian mafia, hence this rather crude move.


I'm sure the Russian mafia will be totally cool with it, though. And I hear those are exactly the guys you want mad at you....

/Putin's gonna ride a tiger into Cypress and kick some ass....
2013-03-17 11:02:39 AM  
2 votes:
img543.imageshack.us
2013-03-17 10:48:25 AM  
2 votes:

My Bologna Has A Maiden Name: For all of you who voted for Obama, take a good look at socialism in action.


Obama is from Kenya not Cyprus.
2013-03-17 10:32:26 AM  
2 votes:
It's not a levy. It's forcing account holders to buy shares in banks. I don't see how this is any different from people being forced to buy health insurance, really.
2013-03-17 02:42:44 PM  
1 votes:
Here's a fun fact...

The demonym for Cyprus is Cypriot.

/Enjoy your Sunday!
2013-03-17 01:37:02 PM  
1 votes:

LawrencePerson: Hope those free condoms and cell phones were worth destroying the economy for.


media.tumblr.com
2013-03-17 11:44:53 AM  
1 votes:
This is what can happen when you let all your money become 1's and 0's in someone elses' computer.

For those derping about 'OMG Soshalizm!!" ... fine. We'll just take back your medicaid, ebt, schools, police, and fire protection. Can't be letting YOU have any of OUR socialism now can we? You can go dumpster dive and live under a bridge as God intended because you are obviously a bad person that needs to be punished.

/give me back my tuppence!
2013-03-17 11:44:00 AM  
1 votes:
Will never happen here, Americans don't have money in the bank do they?
2013-03-17 11:10:52 AM  
1 votes:

My Bologna Has A Maiden Name: For all of you who voted for Obama, take a good look at socialism in action.


Hmm. What is it about phrases like "capitalism in crisis" or "banking crisis" or "bankers continue to receive massive bonuses while farking over the entire world economy" which leads you to believe this a result of socialism?
2013-03-17 11:03:30 AM  
1 votes:

LawrencePerson: The European welfare state is unsustainable. Europe is broke, and this is just the most advanced example of the Eurocratic elite and the bankers ganging up on other citizens. The end result will be a bank run in Europe. And once bank runs start, they're very hard to stop.

Cyprus is where Greek will be next year, followed shortly by Spain, Italy, and then most of the rest of Europe. And then shortly thereafter, thanks to those trillion dollar deficits, us.

Banks runs. Hyperinflation. And maybe 25% economic contraction in one year. If we're lucky.Hope those free condoms and cell phones were worth destroying the economy for.

Have a nice day.


And aircraft carriers. I sure feel safer with 14 flattops - the possibility of only having a dozen or so kept me up at night.

But spending on your priorities, that's different - right?
2013-03-17 10:39:25 AM  
1 votes:

Gunny Walker: Copper Spork: It's not a levy. It's forcing account holders to buy shares in banks. I don't see how this is any different from people being forced to buy health insurance, really.

Why would I buy shares of a bank in the middle of a panic?


You voted with your wallet before the panic, didn't you?
2013-03-17 10:36:39 AM  
1 votes:
The European welfare state is unsustainable. Europe is broke, and this is just the most advanced example of the Eurocratic elite and the bankers ganging up on other citizens. The end result will be a bank run in Europe. And once bank runs start, they're very hard to stop.

Cyprus is where Greek will be next year, followed shortly by Spain, Italy, and then most of the rest of Europe. And then shortly thereafter, thanks to those trillion dollar deficits, us.

Banks runs. Hyperinflation. And maybe 25% economic contraction in one year. If we're lucky.Hope those free condoms and cell phones were worth destroying the economy for.

Have a nice day.
2013-03-17 10:34:15 AM  
1 votes:
Thanks Europe! For making our idiots in power look better by comparison
2013-03-17 09:55:12 AM  
1 votes:

ArkAngel: EvilEgg: Only on accounts of less than 100,000 euros? Is that class warfare?

It's ten percent on accounts above that


Is it? I got bored.
 
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