Shock in Cyprus as bailout brings bank account haircut

ekathimerini.com ^ | Saturday March 16, 2013 (11:28)

[Varsity Flight]

“Already bank customers are gathering outside major and cooperative banks, Skai television reported on Saturday morning, as angry depositors demand their money.”

And with what? Disarmed 2nd. Amendment groups, at digital keystroke stations?

This confiscation will not end until the con-securities MBS and con-bond con-issuers, are faced direct in the full light of day.

Con-men

[Truth29]

As others on this thread have already pointed out, this will be coming to the US, too, particularly all those fat balances in 401k and other retirement accounts. For those that can, time is growing shorter to move their balances out of the US, and even then, the IRS will make your life miserable and pursue your accounts if they are sizable.

[cunning_fish]

Cyprus and it’s government owned by Russian mob the way pre-Castro Cuba was owned by American organized crime.
Let them solve the problem.

[Lancey Howard]

LOL, the scumbag Euro-socialists know no bounds!
(And coming soon, to Ubama’s America.)

The stock market should be interesting to follow on Monday.

[Lancey Howard]

For those that can, time is growing shorter to move their balances out of the US, and even then, the IRS will make your life miserable and pursue your accounts if they are sizable.

The wise course would be to trickle it out in amounts less than $5,000(? - whatever is just below the IRS "flag" threshhold) and buy physical gold and fertile land.

[Pan_Yan]

BTTT