Europe announces stunning bailout for Cyprus — Bank depositors to get instant 10% tax before banks reopen this week. Eurocrats gonna swoop in and take something from everybody: the “stability levy” will take 10% of the accounts over 100,000 Euros, 6.75% for accounts with less than that. … The challenges we were facing in Cyprus were of an exceptional nature”… i.e. the pols were nearly out of money to hand out to their cronies. More here: Cyprus Depositor Haircut “Bailout” Turns Into Saver “Panic”, Frozen Assets, Bank Runs, Broken ATMs. Wealthy Russians have a lot of money in those banks. Odds are they are not amused.
This post was last modified on January 26, 2021
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lol corporate greed stole our money...
completely missing the hand of government in the situation.
if not for them,
who enabled it in the first place???
Next it will be confiscation of people's retirement accounts.
I'm sure the extra smart liberals won't be able to figger this out, but I'll bet people there are gonna be damn reluctant to keep any money in the bank in the future.
%@$# me! This is insane. I'm guessing there will be a run on the banks Monday. Followed by rioting of course.
It's Monday here. The Russians and other folks who have a bunch of money in those banks are PISSED.
Yea, & it's a really good idea to piss off Putin & the Russians.
Corporate Greed stole our money!
Just in case I have not mentioned it today, you're a moron.
No the government stole the money, your too F*cking dumb to understand the difference, In your tiny little welfare world, governments must be corporations too....And YOU living off the backs of others while your spew stupid shit is perfectly alright for you. What happens when nobody works and they all become lazy good for nothing welfare collecting live at home Ebay shoppers like you? Who is gonna pay for your free shit and your free Obama phone when nobody is paying taxes anymore. You need to move to Europe, your as stupid as they are and you would fit right in, another worthless pile of shit sucking from the government and adding nothing to society. By the way your "corporate greed" shtick is so old it farts dust....AS I have said before, eat feces and expire. TD MO.
Other people's money!
As they say in Euroland, "WAS other people's money, now it's OUR money." Mon Dieu.