Godlike Productions - Discussion Forum
Users Online Now: 918 (Who's On?)Visitors Today: 107,706
Pageviews Today: 227,415Threads Today: 64Posts Today: 1,428
03:43 AM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

Theft bigger than said: Cyprus banking system steals 62.5% of all depositors money over 100K WoWsy WoW WoW !

 
Anonymous Coward
User ID: 36969694
United States
03/29/2013 05:47 PM
Report Abusive Post
Report Copyright Violation
Theft bigger than said: Cyprus banking system steals 62.5% of all depositors money over 100K WoWsy WoW WoW !
62.5% thats insane that kind of theft !
and they keep calling it a haircut instead of what it really is a "DEFAULT"

Big depositors in Cyprus's largest bank stand to lose far more than initially feared under a European Union rescue package to save the island from bankruptcy, a source with direct knowledge of the terms said on Friday.

Under conditions expected to be announced on Saturday, depositors in Bank of Cyprus will get shares in the bank worth 37.5 percent of their deposits over 100,000 euros, the source told Reuters, while the rest of their deposits may never be paid back.

The toughening of the terms will send a clear signal that the bailout means the end of Cyprus as a hub for offshore finance and could accelerate economic decline on the island and bring steeper job losses.

Officials had previously spoken of a loss to big depositors of 30 to 40 percent.
[link to finance.yahoo.com]
Anonymous Coward (OP)
User ID: 36969694
United States
03/29/2013 09:42 PM
Report Abusive Post
Report Copyright Violation
Re: Theft bigger than said: Cyprus banking system steals 62.5% of all depositors money over 100K WoWsy WoW WoW !
bump
Anonymous Coward
User ID: 14443159
United States
03/29/2013 09:46 PM
Report Abusive Post
Report Copyright Violation
Re: Theft bigger than said: Cyprus banking system steals 62.5% of all depositors money over 100K WoWsy WoW WoW !
62.5% thats insane that kind of theft !
and they keep calling it a haircut instead of what it really is a "DEFAULT"

Big depositors in Cyprus's largest bank stand to lose far more than initially feared under a European Union rescue package to save the island from bankruptcy, a source with direct knowledge of the terms said on Friday.

Under conditions expected to be announced on Saturday, depositors in Bank of Cyprus will get shares in the bank worth 37.5 percent of their deposits over 100,000 euros, the source told Reuters, while the rest of their deposits may never be paid back.

The toughening of the terms will send a clear signal that the bailout means the end of Cyprus as a hub for offshore finance and could accelerate economic decline on the island and bring steeper job losses.

Officials had previously spoken of a loss to big depositors of 30 to 40 percent.
[link to finance.yahoo.com]
 Quoting: Anonymous Coward 36969694


that's insane, now we know what to expect when it's our turn
scared
recollector

User ID: 26964049
Romania
03/30/2013 07:25 AM
Report Abusive Post
Report Copyright Violation
Re: Theft bigger than said: Cyprus banking system steals 62.5% of all depositors money over 100K WoWsy WoW WoW !
You do realize that it is 94% instead 62.5% , yes?
G3

User ID: 1531577
United States
03/30/2013 10:10 AM

Report Abusive Post
Report Copyright Violation
Re: Theft bigger than said: Cyprus banking system steals 62.5% of all depositors money over 100K WoWsy WoW WoW !
bump





GLP