ping
Huh? That must be some of Obama's new math Reuters is using.
If/when it happens here, do the avaricious asshats seriously think they'll live long enough to spend what they stole ?
One of the (few) benefits of being old and too broke to pay attention, is not having to worry very much, or for very much longer, about bank collapses.
And the Russian Mafia’s reply?
“Nice little island you have here....”
Next stop: Cayman Islands.
All the big Russian mobsters and elites have already cashed in their chips.
Leaving the average Cyprus citizen to pay the bill. Isn’t that how it always works?
The Russians are going to go on safari.They’ll be hunting bankers.
The media was bragging that there was no “run on the banks” after they reopened yesterday. But, what the Media didn’t really point out was that there were controls on the money - people could not withdraw more than a couple of hundred euros.
Of course there I was no run on the bank. People still don’t have access to their money. The controllers will be lifted in a month.THEN there will be a run on the bank!
If I were a Cypriot, I would withdraw the maximum allowed, every day, until the controls are lifted. Then I would remove ALL the remaining money in my account.
Oh, this is getting a LOT better in a hurry.
As it turns out, the Russians were able to pull their money out through bank branches of Cypriot banks outside of Cyprus, so by far the biggest hit is to the “wealthy” small businesses!
Who cannot now make payroll.
http://www.zerohedge.com/news/2013-03-29/caught-cyprus-crossfire-small-businesses-suddenly-zero-cash
Oh the Cypriots are so screwed!
We can only hope that the mob catches the bankers and government leaders before they can get to the airport.
Anybody who doesn't do that deserves what they get.
a great example, of what happens when you sign on to distant capital/headquarters, filled with strangers, whom, you have no control over....
Well thats just a preview. They will be coming after the 401k’s and IRA’s here very soon.
It might also mean the end of the Cypriot economy. If the criminals in the IMF and the European Central Bank plan to confiscate 25 to 40 percent of deposits with more than €100,000, we’re looking at economic chaos in Cyprus.
How will companies meet payrolls and pay vendors with 40% of their cash seized? Answer: They most likely can’t unless they have cash reserves they can transfer to their Cypriot accounts. And who in their right mind would do that?
The elitist criminals have gone too far. I’m speculating, but European elitists could meet the same fate as their buddies in Libya in 2011 - hanging from lampposts.
Every time I click through to a Reuters links from FR my virus protection is set off...
Exploit Trojan everytime
Barry Likes It!
Cypriot banks were paying 7%, when ten year US treasuries
were paying less than 2 percent.
people who deposited in these banks were fools.
Let the bank runs in Europe begin.
