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Anything over 85K will no longer be yours- Russia must be hopping mad

 
Anonymous Coward
User ID: 19706474
United Kingdom
03/31/2013 03:43 AM
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Anything over 85K will no longer be yours- Russia must be hopping mad
‘IT’S ROBBERY!’ NEW CYPRUS BOMBSHELL AS BRITONS ARE TOLD THEY MAY LOSE EVERYTHING OVER £85K


British expats in Cyprus face a near-total wipe-out of any deposits over £85,000 as the full nightmare of the stricken island’s EU bailout became clear yesterday.

Although it was known that the wealthiest savers would take a large hit from last week’s €10 billion (£8.5 billion) EU rescue deal, the loss is far greater than feared.

The blow will fall on customers of the country two biggest banks – Bank of Cyprus and Laiki Bank.

[link to news.easybranches.com]
Anonymous Coward
User ID: 16647806
United States
03/31/2013 03:47 AM
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Re: Anything over 85K will no longer be yours- Russia must be hopping mad
Well, that is certainly uncalled for.

No worries, The Doctor will save you.
GeordieLegend

User ID: 36713632
United Kingdom
03/31/2013 03:47 AM
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Re: Anything over 85K will no longer be yours- Russia must be hopping mad
...fucking "ouch"...

Robbing bastards. No way can this shit be legal.
Propaganda has to be popular and has to accommodate itself to the comprehension of the least intelligent of those whom it seeks to reach...
EMPerror

User ID: 8804293
Lithuania
03/31/2013 04:00 AM

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Re: Anything over 85K will no longer be yours- Russia must be hopping mad
Bank accounts only under certain amount of money are insured by government. It is legal procedure for bankruptcy of private bank. Two banks with Russian owners did the same thing in Lithuania, went bankrupt and billions were simply missing. They did put large amounts of money into these banks, then withdrew suddenly. Maybe there is connection?
Anonymous Coward
User ID: 21963969
United States
03/31/2013 04:05 AM
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Re: Anything over 85K will no longer be yours- Russia must be hopping mad
the problem lies in the scope of the problem.

Cyprus is just a pimple on the ass.

Cyprus is the spark.
Anonymous Coward
User ID: 36669228
Canada
03/31/2013 04:06 AM
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Re: Anything over 85K will no longer be yours- Russia must be hopping mad
No, the Russians were allowed to withdraw their money. So we're all the wealthy. Cyprus bank branches remained open in Russia and the UK while closed in Cyprus.

Did you really think anyone with large sums would have to pay?
Anonymous Coward
User ID: 14427540
Philippines
03/31/2013 04:07 AM
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Re: Anything over 85K will no longer be yours- Russia must be hopping mad
‘IT’S ROBBERY!’ NEW CYPRUS BOMBSHELL AS BRITONS ARE TOLD THEY MAY LOSE EVERYTHING OVER £85K


British expats in Cyprus face a near-total wipe-out of any deposits over £85,000 as the full nightmare of the stricken island’s EU bailout became clear yesterday.

Although it was known that the wealthiest savers would take a large hit from last week’s €10 billion (£8.5 billion) EU rescue deal, the loss is far greater than feared.

The blow will fall on customers of the country two biggest banks – Bank of Cyprus and Laiki Bank.

[link to news.easybranches.com]
 Quoting: Anonymous Coward 19706474


The largest depositors were warned ahead of time by Cypriot government & banking insiders. They got their money out before this started.
American Sith: Darth Shillerus

User ID: 30587851
United States
03/31/2013 04:07 AM
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Re: Anything over 85K will no longer be yours- Russia must be hopping mad
You know, if I were a weaselly little bankster, I'd be real goddamned worry about the might of the Russian mob utilizing the Russian Army to hunt me and kill me.

Spetznaz are experts in sabotage, assassination, and guerrilla warfare.
(GLP aka American Jedi)

Listen here you beautiful bitch, I'm about to fuck you up with some truth.
Kenny Powers

If you steal the dreams of others long enough, sooner or later you'll end up in a nightmare.
American Jedi

Intellectuals solve problems, geniuses prevent them.
Albert Einstein

Satis Eloquentiae, Sapientiae Parum....

"The last of the old?"

"No, the first of the new."
American Sith: Darth Shillerus

User ID: 30587851
United States
03/31/2013 04:11 AM
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Re: Anything over 85K will no longer be yours- Russia must be hopping mad
[link to armedforcesmuseum.com]

The Spetsnaz GRU is the oldest of all special operations forces in Russia, is considered on of the top Special Forces in the world and is regarded as the best trained and most experienced units of the Russian Federation. Spetsnaz GRU first began operations in 1949. Their main role involves reconnaissance, direct action, assassination and sabotage. The Spetsnaz has ten different brigades, each stationed at a different location.



I would not want these fellas and bunch of former KGB at their helm hunting me because I robbed them. Worthless bankster cocksuckers.
(GLP aka American Jedi)

Listen here you beautiful bitch, I'm about to fuck you up with some truth.
Kenny Powers

If you steal the dreams of others long enough, sooner or later you'll end up in a nightmare.
American Jedi

Intellectuals solve problems, geniuses prevent them.
Albert Einstein

Satis Eloquentiae, Sapientiae Parum....

"The last of the old?"

"No, the first of the new."
Anonymous Coward
User ID: 35542557
Australia
03/31/2013 04:11 AM
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Re: Anything over 85K will no longer be yours- Russia must be hopping mad
it's like a reverse bank robbery!

Did the execs wear ski masks?
Anonymous Coward
User ID: 25090473
United States
03/31/2013 04:26 AM
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Re: Anything over 85K will no longer be yours- Russia must be hopping mad
...fucking "ouch"...

Robbing bastards. No way can this shit be legal.
 Quoting: GeordieLegend


Of course its legal. You will get it when you learn that the money you deposit in the bank is not really yours anymore.

When you deposit your money, you are transferring legal ownership of those funds to the bank. the bank contractually agrees to pay you back upon demand. its a demand note. which means you just loaned the bank money at 0% and it has promised to pay you back upon your demand. the relationship of you and the bank is purely contractual.

what does the bank do with your money? whatever it wants...deposits become the general funds of the bank.

the bank considers its obligation to you a business expense and liability. therefore, the bank deals with deposits as debt for itself, not as your money. Again...your money is not sitting in your bank account...the bank has already used your money to pay its bills, make other loans, make investments, etc.

what are these haircuts? the bank already has depositors money, so its not like it is taking anyone's deposit when it says everyone over a certain amount has to pay x%. all the bank is doing is writing down its debt obligations (i.e. payment to depositors) by that percentage.

Its already spent the money deposits and doesn't want to pay depositors back...that's all. we see it as the bank taking our money...the bank sees it as adjusting its contractual obligation to the depositor, and the governments, central banks, etc. are approving it to keep the banks liquid.

its like you deciding you want to reduce your personal bills by 80%...

if you want to read something interesting...next time your in the bank, ask to see a copy of your banking agreement...take it home and read it. you'll see what im talking about.
kisseyo

User ID: 34346988
United States
03/31/2013 04:47 AM

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Re: Anything over 85K will no longer be yours- Russia must be hopping mad
No, the Russians were allowed to withdraw their money. So we're all the wealthy. Cyprus bank branches remained open in Russia and the UK while closed in Cyprus.

Did you really think anyone with large sums would have to pay?
 Quoting: Anonymous Coward 36669228


No, the Russians were allowed to withdraw their money. So we're all the wealthy. Cyprus bank branches remained open in Russia and the UK while closed in Cyprus.

Did you really think anyone with large sums would have to pay?
 Quoting: Anonymous Coward 36669228


THIS ^

Last Edited by meeeeeeeeeeee! on 03/31/2013 04:48 AM
EMPerror

User ID: 8804293
Lithuania
03/31/2013 05:36 AM

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Re: Anything over 85K will no longer be yours- Russia must be hopping mad
No, the Russians were allowed to withdraw their money. So we're all the wealthy. Cyprus bank branches remained open in Russia and the UK while closed in Cyprus.

Did you really think anyone with large sums would have to pay?
 Quoting: Anonymous Coward 36669228


Someone has to pay once there is no money. Definitely not taxpayers. Some don't use banks, some don't like them. Do they have to support with their money all this? Once there is large sum of money, then you must have brains or hire someone with them and not to put it where it can disappear or be robbed. Otherwise money will be lost, that's the law of nature. Governmental charity for small sums can be understood as you may leave people without salary or money for living.
Money was used for loans or is gone. Money used for loans will come back, just in 10 or more years as loans are payed back. Money that is gone or robbed must be taken from the robbers.

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