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01:49 PM
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Subject
BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!
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[quote:Anonymous Coward 36528953:MV8yMTc0NzM4XzM2NzcxMjU5XzIyMzNFQ0Ew] [quote:Anonymous Coward 33290188:MV8yMTc0NzM4XzM2NzcwNjI0X0FDNzZDOTYz] Bank run bitches! [/quote] Bank run in Cyprus has already begun on ATM withdrawals alone. This is going to get ugly. " that the banks remain shut until that deal is concluded to minimize the low-level bank run that is already under way as Cypriots continue to empty automatic cash machines." "During Friday's marathon negotiations over the current bailout proposal, ECB executive board member Jörg Asmussen made clear to President Nicos Anastasiades that failure to agree on a deal that weekend would make it impossible for the ECB to provide a further extension of ELA. After all,[b] ECB rules don't allow national central banks to lend to insolvent banks." [/b] http://online.wsj.com/article/SB10001424127887323639604578370563960612152.html [/quote]
Original Message
At 3:18 PM EST Bernanke was whether a seizure of deposits could happen to US depositors as in Cyprus, if the economy gets worse?
Beranke’s translated response:
Only if the Cyprus event or another event in Europe were to become contagious and the people lose confidence in the US dollar
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