[yefragetuwrabrumuy]

More information:

http://www.zerohedge.com/news/2013-03-16/europe-does-it-again-cyprus-depositor-haircut-bailout-turns-saver-panic-bank-runs-br

This is getting ugly in a hurry. Two things that got my eye here are first that they have the gall to offer depositors *equity* in failing banks; and that Cyprus was a preferred offshore to Russian oligarchs, people it would be a very bad idea to cross.

Personally, I think it would be hilarious if some of the oligarchs put out contracts on some of those involved, both in Cyprus and elsewhere.

[Lonesome in Massachussets]

That was cheerful ;)

I would still love to hear Daniel Hannan on this.

[reformedliberal]

Could anyone, including the Russian oligarchs, have been laundering money in/through Cyprus w/o the Cypriot government knowing about it and just turning a blind eye in exchange for equity?