Euro Bank Heist!!!
 

Cypriots rushed to pull their money out of banks and ATMs before the tiny Mediterranean nation’s government could finalize a plan to seize depositors’ funds to satisfy euro zone leaders, sparking a run that prompted banks to be closed until at least Thursday.

The island nation’s leaders were huddling to come up with a way to soften the blow on average depositors, with one proposal targeting accounts with deposits above $130,000. The plan elicited an angry response from Russian President Vladimir Putin, whose nation’s oligarchs may have as much as $19 billion secretly deposited in Cyprus banks.Read more: http://www.foxnews.com/world/2013/03...#ixzz2NurMoqss

Reminds me of the "plan" to only tax those over 200k

Re: Euro Bank Heist!!!
 

Yep. Liberal politics and ideologies ultimate destination. But that can't happen to us, right? We are exceptions to the laws of supply and demand, right? We're America, not Cyprus, right?

Re: Euro Bank Heist!!!
 

Wow.

Re: Euro Bank Heist!!!
 

I am so glad I closed my Cypress checking and savings accounts years ago!

Re: Euro Bank Heist!!!
 

Well, there goes my 2 million!!

:angry1

Re: Euro Bank Heist!!!
 

These are not liberal policies. These are policies designed to keep the banks propped up at the expense of the depositors. The Cypriots are right to be up in arms. The banks should have to pay out because it was the banks that got them in this mess, not the individual savers. It should be obvious that bailing out banks is not a true liberal position (and I'll remind people that our own bailout took place during the Bush administration, not under Obama. )

As it is, the Cypriots have expressed their opinion to the point that the banks are now closed until Thursday at the earliest and the haircut is being revised.

Re: Euro Bank Heist!!!
 

If it happened in Cyprus... could it happen here in America?

Re: Euro Bank Heist!!!
 

Only a matter of time, and not much at that.

Re: Euro Bank Heist!!!
 

As I understand it, in secret meetings in the great USA, there are written plans to take individual IRA and 401k's and seize them and divide them equally so all retirees have equal funds............so yes, it could happen here!!! :foottap

Re: Euro Bank Heist!!!
 

Libs have been eyeing 401K's since the early 80's.