[RockyTx]

Cypriot banks were paying 7%, when ten year US treasuries
were paying less than 2 percent.

people who deposited in these banks were fools.

[steve86]

Cypriot banks were paying 7%, when ten year US treasuries were paying less than 2 percent. people who deposited in these banks were fools.

I wasn't aware that businesses can stash their operating funds in treasuries and continue to do business. One would think they need to cut payroll checks more often than a couple of years or so.