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EU - Cyprus confiscating 10% of all bank depositors money

 
Anonymous Coward
User ID: 26860321
United States
03/17/2013 07:37 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
Hell I'd give the U.S. 10% of my savings if it would fix everything. It would be less than 100 bucks for me, I'm poor as it is.....
Anonymous Coward
User ID: 36338902
United States
03/17/2013 07:48 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
rob the people then rob the people again to pay for the first robbery .. genius !
 Quoting: Anonymous Coward 1179421


amazing inst it, when are the people going to wake the fuck up?


its coming.....
Anonymous Coward
User ID: 36338902
United States
03/17/2013 07:52 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
Cyprus bailout: Man threatens bank with bulldozer


 Quoting: Anonymous Coward 1711362


Run the fucking bulldozer through the bank,

Run the fucking bulldozer through the bank,

Run the fucking bulldozer through the bank,

BE THE HERO OF THE WORLD!
Luisport

User ID: 36350485
Portugal
03/17/2013 07:55 AM

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Re: EU - Cyprus confiscating 10% of all bank depositors money
zerohedge ‏@zerohedge
JPM: The Monday Cyprus vote "could be pushed back significantly"
Luisport

User ID: 36350485
Portugal
03/17/2013 07:56 AM

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Re: EU - Cyprus confiscating 10% of all bank depositors money
zerohedge ‏@zerohedge
JPMorgan Asks "Has Europe Bazookaed Itself In The Foot", Answers "Yes" [link to www.zerohedge.com] …
Anonymous Coward
User ID: 1146845
United States
03/17/2013 08:01 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money


Let me tell you how it will be,
There’s one for you, nineteen for me,
‘Cause I’m the Taxman,
Yeah, I’m the Taxman.
Should five per cent appear too small,
Be thankful I don’t take it all.
‘Cause I’m the Taxman,
Yeah, I’m the Taxman.

(If you drive a car ), I’ll tax the street,
(If you try to sit ), I’ll tax your seat,
(If you get too cold ), I’ll tax the heat,
(If you take a walk ), I’ll tax your feet.
Taxman.

‘Cause I’m the Taxman,
Yeah, I’m the Taxman.
Don’t ask me what I want it for
(Haha! Mister Wilson!)
If you don’t want to pay some more
(Haha! Mister Heath!),
‘Cause I’m the Taxman,
Yeah, I’m the Taxman.

Now my advice for those who die, (Taxman!)
Declare the pennies on your eyes, (Taxman!)
‘Cause I’m the Taxman,
Yeah, I’m the Taxman.
And you’re working for no-one but me,
(Taxman).
Luisport

User ID: 36350485
Portugal
03/17/2013 08:03 AM

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Re: EU - Cyprus confiscating 10% of all bank depositors money
Business Insider ‏@businessinsider
ANALYST: The Cyprus Deal Could Be The 'Trigger' We Were Waiting For In Europe [link to read.bi]
Luisport

User ID: 36350485
Portugal
03/17/2013 08:03 AM

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Re: EU - Cyprus confiscating 10% of all bank depositors money
zerohedge ‏@zerohedge
Protest outside Cypriot parliament planned for 15:30 tomorrow [link to translate.google.com] …
Anonymous Coward
User ID: 35088492
France
03/17/2013 08:07 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
wow

so they are outright stealing peoples money now?

holy shit
 Quoting: ^TrInItY^


peoples money is not any more real anyway.
Anonymous Coward
User ID: 35910891
United States
03/17/2013 08:13 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
And nobody is going to jail???!
They are criminals

yoda
 Quoting: Limpan


What are you talking about? this was propelled and promoted by the IMFer's themselves/
Anonymous Coward
User ID: 35910891
United States
03/17/2013 08:16 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
wow

so they are outright stealing peoples money now?

holy shit
 Quoting: ^TrInItY^


peoples money is not any more real anyway.
 Quoting: Anonymous Coward 35088492


Great point for asking how you save your earned production you got paid for today, preserving it for your and your families use at a later date ?

Gold !
Luisport

User ID: 36350485
Portugal
03/17/2013 08:20 AM

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Re: EU - Cyprus confiscating 10% of all bank depositors money
Business Insider ‏@businessinsider
The Stunning Bailout Of Cyprus Is A Reminder Of Who Really Is In Charge In Europe... [link to read.bi]
Anonymous Coward
User ID: 14362939
Canada
03/17/2013 08:27 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
zerohedge ‏@zerohedge
Protest outside Cypriot parliament planned for 15:30 tomorrow [link to translate.google.com] …

 Quoting: Luisport


PROTEST? I hope they go a lot fucking farther than that...
Limpan

User ID: 1474973
Sweden
03/17/2013 08:30 AM

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Re: EU - Cyprus confiscating 10% of all bank depositors money
zerohedge ‏@zerohedge
Protest outside Cypriot parliament planned for 15:30 tomorrow [link to translate.google.com] …

 Quoting: Luisport


PROTEST? I hope they go a lot fucking farther than that...
 Quoting: Anonymous Coward 14362939


It's about time we take it a lot further. If we don't do anything when they take our money, when will they??

yoda
Luisport

User ID: 36350485
Portugal
03/17/2013 08:32 AM

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Re: EU - Cyprus confiscating 10% of all bank depositors money
The Economist ‏@TheEconomist
The euro zone's bail-out of #Cyprus: Unfair, short-sighted and self-defeating
[link to econ.st]
Anonymous Coward
User ID: 35431846
03/17/2013 08:33 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
zerohedge ‏@zerohedge
Protest outside Cypriot parliament planned for 15:30 tomorrow [link to translate.google.com] …

 Quoting: Luisport


PROTEST? I hope they go a lot fucking farther than that...
 Quoting: Anonymous Coward 14362939


It's about time we take it a lot further. If we don't do anything when they take our money, when will they??

yoda
 Quoting: Limpan


Be on the lookout for a massive police presence, although I'm assuming that the police and civil servants are going to lose money too, so it'll be interesting if they choose to serve their masters or themselves...
Luisport

User ID: 36350485
Portugal
03/17/2013 08:34 AM

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Re: EU - Cyprus confiscating 10% of all bank depositors money
Fabrizio Goria ‏@FGoria
Money will be cut from accounts by Tuesday morning - Cyprus Mail [link to www.cyprus-mail.com] …
Luisport

User ID: 36350485
Portugal
03/17/2013 08:36 AM

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Re: EU - Cyprus confiscating 10% of all bank depositors money
Sebastian Valdivieso ‏@S_Valdivieso
"Cyprus has declared a bank holiday on Monday to prevent such a run on the banks and banned electronic transfers."
Luisport

User ID: 36350485
Portugal
03/17/2013 08:38 AM

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Re: EU - Cyprus confiscating 10% of all bank depositors money
DP ‏@darenpa72
RT @izakaminska: The Cyprus bailout = ultimate negative interest rate.
Anonymous Coward
User ID: 28870983
United States
03/17/2013 08:39 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
I know its happening in Cyprus but I got a powerful feelin to buy lots of stuff in bulk today.....I'll go with my gut....
 Quoting: dookie stain 1404507


sounds like a good idea to me.....
Anonymous Coward
User ID: 22845396
United States
03/17/2013 08:39 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
Not a good idea to piss off Russian millionaires. Chances are they got that way by stabbing people and/or feeding them to wolves.
Anonymous Coward
User ID: 28870983
United States
03/17/2013 08:40 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
and this is why they're trying to disarm the american population. Our turn is coming....
Anonymous Coward
User ID: 23201022
Indonesia
03/17/2013 08:41 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
what gonna happen when market in australia, japan, korea, hongkong, singapore open
Anonymous Coward
User ID: 36311382
Spain
03/17/2013 08:41 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
My opinion:Since the establishment of the EU.. national states are supedited to EU Laws. No national state member can issue laws that overrule or infringe EU laws. Its called legal precedence.

Instead of getting all emotional it has to be cooly looked at from a legal point of view consulting European Union Laws regulating banking, taxation etc..
Anonymous Coward
User ID: 12332071
United States
03/17/2013 08:43 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
And so it begins.... All Cyprus banks this weekend have frozen electronic transfers while a bailout is brought in. There will be a "bank holiday" on Monday and then on Tuesday, March 19th, 10% of every bank depositors savings will be taken and transferred to the central planners and central banksters.

[link to www.telegraph.co.uk]
 Quoting: Anonymous Coward 25720208


And somebody would have their asses beat to a bloody pulp if they touched my money. I figure it like this, It's MY Money, not the banks. I can put it in there so as to bring you, the banker, my business. But I should be able to take it all out and close out my account when and if I feel the need to do so. You touch my money, I beat your ass! Simple! A thief is a thief. And I don't like a thief!
Luisport

User ID: 36350485
Portugal
03/17/2013 08:44 AM

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Re: EU - Cyprus confiscating 10% of all bank depositors money
Keith McCullough ‏@KeithMcCullough
Worst Global Stock Market YTD has been and continues to be Cyprus = down -11% YTD (not new news to insiders)
Anonymous Coward
User ID: 20478377
United States
03/17/2013 08:48 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
[link to kingworldnews.com]

“What’s just happened is the IMF has backed up, lauded, supported, and publicized, as if it were a victory, the taking of 10% of what really turns out to be 80% of Russian ‘black money.’ Russian ‘black money’ is KGB money, now in business. The leader of Russia (Putin) was a former KGB official. Whose money do you think they have taken? This is the biggest mistake the IMF could possibly have ever made.”
 Quoting: Anonymous Coward 36331206


You can bet that the Russian mob was forewarned and moved their money.
Anonymous Coward
User ID: 23201022
Indonesia
03/17/2013 08:52 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
zerohedge ‏@zerohedge
Protest outside Cypriot parliament planned for 15:30 tomorrow [link to translate.google.com] …

 Quoting: Luisport


PROTEST? I hope they go a lot fucking farther than that...
 Quoting: Anonymous Coward 14362939


It's about time we take it a lot further. If we don't do anything when they take our money, when will they??

yoda
 Quoting: Limpan


Be on the lookout for a massive police presence, although I'm assuming that the police and civil servants are going to lose money too, so it'll be interesting if they choose to serve their masters or themselves...
 Quoting: Anonymous Coward 35431846


people will protest using bulldozer, and let the bulldozer talk to parliament
Luisport

User ID: 36350485
Portugal
03/17/2013 08:52 AM

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Re: EU - Cyprus confiscating 10% of all bank depositors money
Welcome Back, Mr. Black Swan
Earlier this week, I posited to a friend that I believed that the US stock market was significantly overvalued and that a major correction was on the way. In light of that belief, I purchased put options (expiring in May and June) on three of the major market indexes (SPY, QQQ, and IWM). In addition to that bet, I also shorted shares of high-flying hedge-fund darling Netflix. I have no long positions. In light of recent market action, these positions look bone-headed, but given the tremendous amount of market complacency out there, my bearish conviction is strong and it continues to strengthen.

I hypothesized to my friend that a US-backed attack on Iranian nuclear facilities could be a potential catalyst that would send the global equity markets into a tailspin this year (and I still believe that to be the case). However, in my wildest imagination I didn't foresee (nor did anyone else) what just happened in Cyprus over the weekend. Cyprus declared that its banking system was insolvent and it needed a bailout to stay afloat. Instead of taking a bailout loan tied to austerity measures (a la Greece), Cyprus will be levying a mandatory tax on the accounts of ALL bank depositors. That's right - the government is forcing its citizens and businesses - not bank bondholders or investors - to take the haircut and pay for the misdeeds of its financial institutions. The notion of deposit insurance has been rendered worthless and the fragile trust between financial institutions and its customers has been eradicated. This is the most significant, game-changing event to have taken place since bank bailouts started in 2008 and it has global ramifications that can rattle not only global financial markets, global economic growth, and the livelihoods of millions of people.

Cyprus is a small nation in the Eurozone, but its neighbors - Spain, Portugal, and Italy are much larger and more systemically important. Their financial institutions suffer from the same bad debt as the banks in Cyprus did, but on a much larger scale. We all wrongly assumed until now that savers were sacrosanct and that regardless of how perilous the financial crisis became, bank deposits would remain safe and savers would be protected. But in light of the Cypriot debacle, depositors across the region - and the world - should and will actively question whether or not their money is truly safe.

The most important principle in the financial system has just been violated: trust. And that changes everything.

Welcome back, Mr. Black Swan. [link to techtrendsandmarkets.blogspot.pt]
veracious common sense

User ID: 1462016
Canada
03/17/2013 08:53 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
anyone who thinks this is not coming to a town near you, very soon !

is a MORAN !!
"we must make the world honest before we can honestly say to the children that honesty is the best policy! "
George Bernard Shaw.

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