ITALIAN MARKET TANKING!!! BIG BANKS HALTED!!! Italian downgrade rumor is back!!! -2,70%, SPAIN -2,70% | |
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Saddletramp User ID: 736749 Puerto Rico 03/25/2013 10:24 AM Report Abusive Post Report Copyright Violation | Re: ITALIAN MARKET TANKING!!! BIG BANKS HALTED!!! Italian downgrade rumor is back!!! -2,70%, SPAIN -2,70% Oil off more than a dollar from it's daily high... "And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius "Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..." "We don't rent pigs!" |
No More Lies User ID: 1178326 United States 03/25/2013 10:25 AM Report Abusive Post Report Copyright Violation | Re: ITALIAN MARKET TANKING!!! BIG BANKS HALTED!!! Italian downgrade rumor is back!!! -2,70%, SPAIN -2,70% Cyprus president to address nation and Russians at 6:15 pm GMT: Last Edited by PANIK on 03/25/2013 10:25 AM |
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Anonymous Coward (OP) User ID: 36835292 Portugal 03/25/2013 10:35 AM Report Abusive Post Report Copyright Violation | Re: ITALIAN MARKET TANKING!!! BIG BANKS HALTED!!! Italian downgrade rumor is back!!! -2,70%, SPAIN -2,70% Bloomberg Athens‏@BloombergAthens8 min Cyprus May See Significant Bank Withdrawals, Schmieding Says [link to bloom.bg] via @BloombergNews |
Saddletramp User ID: 736749 Puerto Rico 03/25/2013 10:36 AM Report Abusive Post Report Copyright Violation | Re: ITALIAN MARKET TANKING!!! BIG BANKS HALTED!!! Italian downgrade rumor is back!!! -2,70%, SPAIN -2,70% Bloomberg Athens‏@BloombergAthens8 min Quoting: Luisport Cyprus May See Significant Bank Withdrawals, Schmieding Says [link to bloom.bg] via @BloombergNews Gee, ya think?!?!? "And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius "Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..." "We don't rent pigs!" |
Anonymous Coward (OP) User ID: 36835292 Portugal 03/25/2013 10:37 AM Report Abusive Post Report Copyright Violation | Re: ITALIAN MARKET TANKING!!! BIG BANKS HALTED!!! Italian downgrade rumor is back!!! -2,70%, SPAIN -2,70% Bloomberg Athens‏@BloombergAthens8 min Quoting: Luisport Cyprus May See Significant Bank Withdrawals, Schmieding Says [link to bloom.bg] via @BloombergNews Gee, ya think?!?!? |
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Anonymous Coward User ID: 33423725 Canada 03/25/2013 10:40 AM Report Abusive Post Report Copyright Violation | Re: ITALIAN MARKET TANKING!!! BIG BANKS HALTED!!! Italian downgrade rumor is back!!! -2,70%, SPAIN -2,70% Bloomberg Athens‏@BloombergAthens8 min Quoting: Luisport Cyprus May See Significant Bank Withdrawals, Schmieding Says [link to bloom.bg] via @BloombergNews BWaaHaaHaa! |
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LT Prepper User ID: 36491699 United States 03/25/2013 10:47 AM Report Abusive Post Report Copyright Violation | Re: ITALIAN MARKET TANKING!!! BIG BANKS HALTED!!! Italian downgrade rumor is back!!! -2,70%, SPAIN -2,70% All across Europe depositors will be withdrawing funds as quickly as possible. This will trigger an EU wide withdrawal limit. Then the citizens will be howling to leave the EU. Eventually one country will capitulate and leave. This will lead to a complete desintegration. Quoting: Anonymous Coward 23556561 Isn't this pretty much what has to happen now? Here's your sign... ... |
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Anonymous Coward User ID: 36840093 Greece 03/25/2013 10:49 AM Report Abusive Post Report Copyright Violation | Re: ITALIAN MARKET TANKING!!! BIG BANKS HALTED!!! Italian downgrade rumor is back!!! -2,70%, SPAIN -2,70% how long do they think they can stop people withdrawing their money? they cant hang on to it forever Quoting: Anonymous Coward 34765812 Sure they can. Capital controls can stay on place for a long time if another bailout in needed in the interim and those funds are hit with yet another tax while still being held, most will never see their money again. "How long could capital controls last? If you believe Mr Barnier, only a few days. But as JP Morgan highlighted in a note on Monday, Iceland's unlimited guarantee on domestic deposits managed to stem deposit outflows in late-2008 because the government guaranteed deposits in its own currency, and foreign exchange controls prevented money moving abroad. "On the other hand, Cyprus is slated to impose losses on deposits based in Cyprus, but not in Cypriot banks' branches abroad, in essence reflecting the fact that its deposit haircut is set to be implemented as a domestic wealth tax," said Nikolaos Panigirtzoglou. "The IMF forecasts the Iceland's capital controls will not be removed until 2015, suggesting that any Cypriot capital controls could turn out to be quite extended." [link to www.telegraph.co.uk] |
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CripplingLies User ID: 18166368 Brazil 03/25/2013 10:55 AM Report Abusive Post Report Copyright Violation | Re: ITALIAN MARKET TANKING!!! BIG BANKS HALTED!!! Italian downgrade rumor is back!!! -2,70%, SPAIN -2,70% |
Anonymous Coward (OP) User ID: 36835292 Portugal 03/25/2013 11:13 AM Report Abusive Post Report Copyright Violation | Re: ITALIAN MARKET TANKING!!! BIG BANKS HALTED!!! Italian downgrade rumor is back!!! -2,70%, SPAIN -2,70% Business Insider‏@businessinsider2 min Eurogroup Backtracks On Controversial Comments About The Cyprus Deal As A Restructuring Template [FULL TEXT] [link to read.bi] |
Anonymous Coward User ID: 34765812 United Kingdom 03/25/2013 11:16 AM Report Abusive Post Report Copyright Violation | Re: ITALIAN MARKET TANKING!!! BIG BANKS HALTED!!! Italian downgrade rumor is back!!! -2,70%, SPAIN -2,70% how long do they think they can stop people withdrawing their money? they cant hang on to it forever Quoting: Anonymous Coward 34765812 Sure they can. Capital controls can stay on place for a long time if another bailout in needed in the interim and those funds are hit with yet another tax while still being held, most will never see their money again. "How long could capital controls last? If you believe Mr Barnier, only a few days. But as JP Morgan highlighted in a note on Monday, Iceland's unlimited guarantee on domestic deposits managed to stem deposit outflows in late-2008 because the government guaranteed deposits in its own currency, and foreign exchange controls prevented money moving abroad. "On the other hand, Cyprus is slated to impose losses on deposits based in Cyprus, but not in Cypriot banks' branches abroad, in essence reflecting the fact that its deposit haircut is set to be implemented as a domestic wealth tax," said Nikolaos Panigirtzoglou. "The IMF forecasts the Iceland's capital controls will not be removed until 2015, suggesting that any Cypriot capital controls could turn out to be quite extended." [link to www.telegraph.co.uk] not really gonna help poor old cyprus is it |
Anonymous Coward (OP) User ID: 36835292 Portugal 03/25/2013 11:16 AM Report Abusive Post Report Copyright Violation | Re: ITALIAN MARKET TANKING!!! BIG BANKS HALTED!!! Italian downgrade rumor is back!!! -2,70%, SPAIN -2,70% Business Insider‏@businessinsider1 min A Gigantic Pension Fund Is Reportedly Considering A Change That Should Make Investment Mangers Freak Out [link to read.bi] |
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