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

To: Toddsterpatriot

>>>As an account holder I can rightfully call in plundering MY account.

Yes, your bank plundered your account, not the EU.<<<

No, exact accounts were taxed. And there were a bailout, plundering accounts of exact people were a part of the deal.

In this case you can see both subsidies and plundering in one set.

Banks got subsidies, citizens were plundered.


47 posted on 12/02/2013 10:54:32 PM PST by cunning_fish
[ Post Reply | Private Reply | To 46 | View Replies ]


To: cunning_fish
No, exact accounts were taxed. And there were a bailout, plundering accounts of exact people were a part of the deal.

If your bank has $10 billion in deposits and loses $5 billion, absent outside money, your accounts are getting a 50% haircut on average.

If Germany doesn't cough up $5 billion, for your bank to give to depositors, that doesn't mean Germany plundered your bank. Sorry if you can't grasp the concept.

Banks got subsidies, citizens were plundered.

Without EU money being given to Cyprus, the citizens would be plundered even more. True story.

48 posted on 12/02/2013 11:01:19 PM PST by Toddsterpatriot (Science is hard. Harder if you're stupid.)
[ Post Reply | Private Reply | To 47 | 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