GAT_00: Really? You're equally responsible for every action taken by your bank for having deposits in it?
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.
My Bologna Has A Maiden Name: For all of you who voted for Obama, take a good look at socialism in action.
LawrencePerson: Hope those free condoms and cell phones were worth destroying the economy for.
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.
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?
ArkAngel: EvilEgg: Only on accounts of less than 100,000 euros? Is that class warfare?It's ten percent on accounts above that
If you like these links, you'll love
Total accessTotal knowledgeTotal Fark
Sign up for the Fark NotNewsletter!
Links are submitted by members of the Fark community.
When community members submit a link, they also write a custom headline for the story.
Other Farkers comment on the links. This is the number of comments. Click here to read them.
You need to create an account to submit links or post comments.
Click here to submit a link.
Also on Fark
Submit a Link »
Copyright © 1999 - 2017 Fark, Inc | Last updated: Dec 17 2017 00:02:20
Runtime: 0.259 sec (258 ms)