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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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A quarter of Cyprus bank deposits are Russian, so taxing them is unpopular in Moscow. (Biggest story right now. Domino effect imminent )
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Poster Handle
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Anonymous Coward |
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Post Content
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If they get this done, it sets the precedent that if a bank is in trouble, it is ethically and legally okay for that bank to steal from depositors to keep the bank liquid...
Of course the downside is once people get wind of this, they will pull all of their money out of the banks, draining liquidity to nothing.
The brain surgeon that came up with this idea should be hung from the nearest lamp post by his balls...
Quoting: Saddletramp Yep. If this thing happens it will give the green light at any and all other financial insitutions to take our money whenever they need it.
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