Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: EBH
I am reading this stuff and wondering when the riots start and why it seems like NO ONE is doing anything!

Maybe because this "bailout" actually wiped out bank shareholders for once. That is a GOOD thing. It also went after uninsured accounts over 100k Euro, that is also preferable to forcing taxpayers to bailout the banks. Now investors will just have to be more careful where they put their money. The Russian mob, for example, will have to find greener pastures for their investments and deposits.

10 posted on 03/26/2013 1:15:00 PM PDT by Longbow1969
[ Post Reply | Private Reply | To 4 | View Replies ]


To: Longbow1969

What what is left in the banks after the confiscation will be transferred elsewhere, causing the banks to collapse.


12 posted on 03/26/2013 1:23:08 PM PDT by RoosterRedux (Get armed, practice in the use of your weapons, get physically fit, stay alert!)
[ Post Reply | Private Reply | To 10 | View Replies ]

To: Longbow1969

100k Euro

That is not much ...screw all this talk about the Russian mob money, it is a distraction to what is really happening to the average person on the street.


14 posted on 03/26/2013 1:26:56 PM PDT by EBH ( American citizens do not negotiate with political terrorists.)
[ Post Reply | Private Reply | To 10 | View Replies ]

To: Longbow1969

Wait - why’s this the “opposite of a bailout,” therefore good?

This is theft of deposits and shareholder worth, pure and simple.


34 posted on 03/28/2013 5:47:14 PM PDT by 4Liberty (Some on our "Roads & Bridges" head to the beach. Others head to their offices, farms, libraries....)
[ Post Reply | Private Reply | To 10 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson