[Lancey Howard]

That Cypress thing could NEVER happen here.
...To people's IRAs and other retirement accounts.
...Just because there's about $50 trillion.
...Just sitting there.
...Making the socialist politicians drool and masturbate.

[iowamark]

The country is Cyprus. Cypress is a tree.

[bert]

-——That Cypress thing could NEVER happen here-——

We have FDIC. It worked pretty well in 2009

The IMF action is in effect charging the depositors for insurance after the fact. I have no info on the Cypress FDIC counterpart protecting depositors from a bank run. They should be thankful there losses were not total.