[MeneMeneTekelUpharsin]

Uh oh. It's spreading.

[AU72]

My big worry is efforts to convert 401k assets to federal IOUs, uh, I mean Gubmit Bonds.

[moovova]

I think I’m going to the bank today.

[Farmer Dean]

Look for bank runs everywhere in Europe.The guy’s not too stealthy by making a statement like this.

[Sir Napsalot]

Today it is Cyprus bailout, yesterday Greece, tomorrow Spain or is it Italy, Ireland, or eslewhere.

We have a perpetual rolling bailout, and soon a Eurozone Crisis/Crises Fatigue. Healines of ‘such and such crisis’ will no longer have meaning even if it spread out throughout the world.

Except when IT hits you and me personally.

[GlockThe Vote]

Coming to the USA soon

[tx_eggman]

Pull this crap on your own and they put you in prison.

[wolfman23601]

“Uh oh. It’s spreading.”

And Wall Street says rally on... wtf is going on here?

[1010RD]

Are they trying to kill the credit industry?

[The_Victor]

Time to transfer your savings to a mason jar.

[M Kehoe]

I wonder where Mr Dijsselbloem keeps his money.

5.56mm

[ScottinVA]

Wow — I can’t think of a better, more effective way to crash banks than to create hysteria about savings account confiscation.

[old and tired]

Oh Dear Lord in Heaven protect us. The EU is falling apart and John Kerry is our Secretary of State.

[KeyLargo]

Coming to a bank near you soon.

[swamprebel]

This statement was beyond dumb. Almost like they are trying to “create” a bank run.

[Mister Da]

I would think Swiss banks would be the beneficiaries of such talk.

[Count of Monte Fisto]

Savings accounts in Spain, Italy and other European countries will be raided if needed to preserve Europe's single currency by propping up failing banks

If the Euro and banks are such a failure that it requires the looting of saving accounts then they should get rid of the Euro and the banks. But then again the whole point of the Euro IS to fail so that they can loot the saving accounts and force the euro nations to give up more and more sovereignty. And when the people are completely broke they will cry out for some one to save them and the very Globalist Banksters that impoverished the people will be ready with a solution: A One World Government, a One World Currency and a One World Bank that the Banksters own and control.

[sickoflibs]

During a run on a bank its best to show up early before the crowd does. Sounds like now is the time.

Gold?

[Gen-X-Dad]

Cyprus is the break in the wall of infinite printing. Bernake has been funneling trillions of FED zero percent dollars to the Euros trying to save their banking system. This has failed, as predicted, and now we are moving into the haircut / bank run phase. All trust in the international financial system will soon begin to erode and everyone will circle the wagons.

The elites at the top of this blatant stealing of depositors money will soon discover the nature of unintended consequences. When depositors and savers start looking at their mattress as more secure than a bank, the fractional reserve banking system will rapidly collapse with nothing to leverage but other suckers promises to pay in the future if things go bad (i.e. the shadow quadrillion derivative market). Bernake has pumped for 5 years trying to save the derivative death star while refusing to reign his buddies in. Looks like that chapter is coming to a close one way or another as the Euro has now set down the path of depression banking.

[MEGoody]

I wouldn't be a bit surprised to see this spread, including here to the United States. I expect to hear of people pulling their money out of banks to avoid this, causing banks to fail. Then there will be much wringing of hands and moaning.

Liberals are such morons.

[MHGinTN]

I can’t wait to see what Nigel Farage has to say regarding this obvious failure of the Euro and Eurozone dictatorship.