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Bank Seizure of Deposits Called “Wave of Future”
http://www.angelfire.com/ak2/intelligencerreport/rightwing234.html ^ | john-semmens

Posted on 03/29/2013 4:29:13 PM PDT by navysealdad

The resolution of the bank crisis in Cyprus by seizing depositors money and forcibly converting it into equity shares in the banks was hailed as “an innovative way out of a plethora of bad investments by bank officials” by Jeroen Dijsselbloem, the Dutch chairman of the Eurozone.

“Under the old rules, losses incurred by bad investments would fall upon

(Excerpt) Read more at angelfire.com ...


TOPICS: Humor
KEYWORDS: satire

1 posted on 03/29/2013 4:29:13 PM PDT by navysealdad
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To: navysealdad

It’s important this be labeled satire, as it is.


2 posted on 03/29/2013 4:31:45 PM PDT by Lazamataz ("AP" clearly stands for American Pravda. Our news media has become completely and proudly Soviet.)
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To: navysealdad

Might be a good time to invest in safe (as in ones with combinations) companies.


3 posted on 03/29/2013 4:32:05 PM PDT by madison10
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To: Lazamataz
It’s important this be labeled satire, as it is.

At least for the moment it is.

4 posted on 03/29/2013 4:34:57 PM PDT by UCANSEE2 (The monsters are due on Maple Street)
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To: navysealdad

To we intelligent ones, it indeed is satire.

To the Obamadork and his West Wing Clown show of Felon/Cretins and his MSM bottom-O-the-barrel SAT crowd, it is the future.

CW -II.

That is not sarcasm.


5 posted on 03/29/2013 4:40:58 PM PDT by Da Coyote
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To: madison10
Might be a good time to invest in safe (as in ones with combinations) companies.

Might be, indeed. It's about time people started to realize that when they deposit money in the bank, they give up their ownership of it. It's been that way for hundreds of years.

But with the creation of deposit "insurance" [Thank you, FDR, may I have another?], everyone just sat back and considered their bank as that friendly place we store our money and earn some interest for it to boot. They were wrong.

The EU did something shocking by reminding bank depositors of their true, legal rights; but it certainly did not do anything illegal or even undemocratic.

6 posted on 03/29/2013 4:51:10 PM PDT by BfloGuy (The economy is not a pie, but a bakery.)
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To: UCANSEE2

Or possibly an accurate prediction of the future!


7 posted on 03/29/2013 7:13:29 PM PDT by RetiredTexasVet (Leveling the playing field for a Progressive is dragging everyone down to their level.)
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