[snoringbear]

“There are almost 70 billion euros in deposits held in Cyprus. A little less than half that is held by non-residents, most believed to be Russian.”

Guess its all about who’s ox is being gored......

[Pan_Yan]

This guy was a threat to the Russians once ...

[98ZJ USMC]

Gee, big surprise.

[Venturer]

Russians or no Russians, this would set a precedent that will destroy faith in banks and eventually destroy the banking system.

[98ZJ USMC]

Russian Deputy Finance Minister Sergei Shatalov earlier said the tax would be acceptable if it was levied only on interest earned by savers.

Wrong. It's not acceptable, ever.

[Travis McGee]

Let’s watch for Putin’s next move. This levy is seen as an anti-Russia slap by the EU. Putin will now slap back, probably in the gold markets.

[ScottinVA]

Once again, Putin beats Little Obama Bo Peep to the punch. The 0-boy apparently couldn’t bring himself to protest this obviously destructive move.

[ImJustAnotherOkie]

For once Ivan is on the right side. Just for the wrong reasons.

[txrefugee]

El Bozo has succeeded in making the USA a third-rate power when Putin can strut on the world’s stage and be taken seriously again. This was part of that “change” he ran on in ‘08.

[BitWielder1]

It's a very bad precedent. Once they start, it could happen here too.
0bama did not say anything because he was salivating at the mere thought.

[kenmcg]

The “New World Order”, Euro to tax Cyprus bank accounts at 10%! If they get away with this it will set precedent in other countries. Can it happen here? We know that Homeland Security purchased over 1 billion rounds of ammo, we have a new push for gun control, Homeland security purchases armored vehicles and drones for stateside duty, then there are the rumors that military men have been asked if they will fire on American citizens. Keep an eye on Cyprus!

[ken5050]

After just having about 5% of their savings expropriated by the EU, isn't it logical that depositors would then yank all of their money out of Cyprus' banks?

That can't be good//

[11th_VA]

Didn’t Gov Palin just make a ‘joke’ about most politicians were like Bernie Maddov - how timely.

[wolfman23601]

I wonder if this is the straw that breaks the camel’s back? I could ironically see the US and UK yet again backing the Russians to defeat the Germans yet again 5-10 years down the road. I didn’t realize most of the money in these Cyprus banks was Russian until I read this article.

[Opinionated Blowhard]

Put aside his motivations, the bottom line is that he is right. The world truly has turned upside down when Putin, once again, sounds like more of a property rights Capitalist than those in the West do.

[Graewoulf]

PING!

[2001convSVT]

Good way to destroy the good faith in the Banking industry.

[Moltke]

No one’s stopping Putin from bailing out those banks with his own or Russia’s money, without a ‘haircut’.

[KeyLargo]

Glenn Beck has been discussing this personal bank accounts tax on his show this morning.

Coming to your bank here in the USA soon to punish savers.

[Diana in Wisconsin]

My understanding is that part of the reason they approved this was to swipe a bunch of ill-gotten gains the Russian Thugocracy has stashed there.

Am I misinformed? *SMIRK*