Why the Cyprus Bail In Is a Bigger Deal Than You Think
http://finance.yahoo.com/blogs/daily-ticker/why-cyprus-bail-bigger-deal-think-141844378.html
I’ve lost count of how many times something like this has happened while a (financial IT) proposal of mine is being reviewed...
With banks having to cough up protection money to the federal government, it’s dicey to have to run a bank not knowing what regulations are being written in the notorious Dodd-Frank debacle.
There is nothing ‘suddenly’ about it- they knew, and as good Obamabots they went along with the illusion that things were OK
If bad news in Cyprus is hurting markets in the US, there’s something wrong.
I think a too-big-to-succeed tax should be imposed on our largest banks. For example, a tax of 1.0% on bank assets that exceed one billion dollars would give our largest banks a financial reason to “shrink”.
And then, I think we need to slowly raise the tax rate while reducing the amount of assets exempted from that tax.
This would reduce the risk to our taxpayers while allowing the bankers themselves to decide what types of business they need to cut.
Not U.S. banks. More disinformation.
The rest is comprised of many Muslims and other out-of-towners who took advantage of European policies to make money on real estate. I don't see much of a problem with this action.
I find that Daily Ticker hyper-ventilates often. They make mountains of molehills more often than not.
The furious response along with death threats from KGB Russkie gangstery types is causing furious backpedaling already.
I actually think the ECB has stepped on their own bratwurst.