They were not given a decision.
300L per day is the max ALLOWED!
My money?!? Allowed?!? Really?!?
This will spread.
“They were not given a decision. 300L per day is the max ALLOWED! My money?!? Allowed?!? Really?!? This will spread.”
We cannot let ‘capitalism’ take the hit for this, as the left will try to push. The reality is that socialism has had a huge role, by far the biggest role worldwide in the financial crisis.
I don’t know the details about Cyprus, but I do know that Greece was living a socialist utopia lifestyle for years without the GDP to warrant it. At some point the bills come due. The problem is that those who have savings probably weren’t part of the problem (with the exception of their votes for socialists, if they did so), but will suffer the most loss.
From our US perspective, who here thinks the FDIC is anything more than a feel good acronym? If there were a run on US banks, about the only thing the government could and would do is to print more useless money - which would just dilute the value of whatever we were able to salvage anyway.
I was thinking today about the old Smith Barney commercial “We make money the old fashioned way. We earn it.” The reality is that the current crop of leftists in power, starting in the US with the President, don’t believe that you can ‘earn it’. ‘You didn’t build that.’ You didn’t earn that. Property and the concepts of ‘earnings’ and ‘savings’ are no longer sacrosanct. They’re just words now, and an obstruction to the agenda of those who are in power in much of the world.