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Sinclair: Day Of Financial Infamy As Cyprus Depositors Flushed 88%percent of deposits over 100,000 gone or held

 
talkstory
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04/29/2013 01:12 PM
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Sinclair: Day Of Financial Infamy As Cyprus Depositors Flushed 88%percent of deposits over 100,000 gone or held
Sinclair: “Yes, Cyprus depositors have now been flushed. The Bank of Cyprus, the island’s largest bank said it has converted 37.5% of deposits exceeding 100,000 euros into a Class A share, with an additional 22.5% held as a buffer for possible conversion in the future.

Another 30% will be temporarily frozen and held as a deposit. So the amount of money that has been taken from the Cyprus depositors is in all practicality almost their entire accounts. Major depositors funds have now been taken in grand style.

Depositors everywhere are now defined as lenders to the banks. Today is a day of financial infamy. History will see this event as serious as the flushing of Lehman Brothers....

more at link

[link to kingworldnews.com]

Last Edited by talkstory on 04/29/2013 01:15 PM
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04/29/2013 01:16 PM
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Re: Sinclair: Day Of Financial Infamy As Cyprus Depositors Flushed 88%percent of deposits over 100,000 gone or held
So it would seem that appox 88 percent of the deposits over 100,000 are gone or being held according to the article,
talkstory
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04/29/2013 01:19 PM
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Re: Sinclair: Day Of Financial Infamy As Cyprus Depositors Flushed 88%percent of deposits over 100,000 gone or held
He goes on to say that bank deposits everywhere will probably share the same fate. Coming to a bank near you.
talkstory
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04/29/2013 01:30 PM
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Re: Sinclair: Day Of Financial Infamy As Cyprus Depositors Flushed 88%percent of deposits over 100,000 gone or held
And...If you use cash primarily for your purchases you get flagged by the government as a potential terrorist. God you got to love how this is playing out. You can't keep money in the bank with fear of having it stole and you can't keep it out of banks without the fear of being put on a terrorist watch list. Its like last Novembers election, having to choose between the lesser of two evils.
talkstory  (OP)

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04/29/2013 01:44 PM
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Re: Sinclair: Day Of Financial Infamy As Cyprus Depositors Flushed 88%percent of deposits over 100,000 gone or held
Your not going to find those numbers quoted on MSM. lol
talkstory
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04/29/2013 01:46 PM
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Re: Sinclair: Day Of Financial Infamy As Cyprus Depositors Flushed 88%percent of deposits over 100,000 gone or held
And...If you use cash primarily for your purchases you get flagged by the government as a potential terrorist. God you got to love how this is playing out. You can't keep money in the bank with fear of having it stole and you can't keep it out of banks without the fear of being put on a terrorist watch list. Its like last Novembers election, having to choose between the lesser of two evils.
 Quoting: Anonymous Coward 24462672


One of their favorite things to do in the US is confiscate any large amount of cash, could be as little as $1000 and then make you prove it was not part of a drug deal. Cost $2500 just to take it to court. Crazy shit.
talkstory
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04/29/2013 02:01 PM
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Re: Sinclair: Day Of Financial Infamy As Cyprus Depositors Flushed 88%percent of deposits over 100,000 gone or held
5a
talkstory
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04/29/2013 02:01 PM
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Re: Sinclair: Day Of Financial Infamy As Cyprus Depositors Flushed 88%percent of deposits over 100,000 gone or held
so there are like 5 real posters on this board right now, everyone else is agents and bots. expect either no comments or shills OP
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04/29/2013 02:11 PM
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Re: Sinclair: Day Of Financial Infamy As Cyprus Depositors Flushed 88%percent of deposits over 100,000 gone or held
I hate to say it, but isn't this how a bank bailout should be handled? Putting money into a bank is a risk. A small risk, but a risk nonetheless. If that bank fails, who do you think should be on the hook?

a) The taxpayers.
b) The shareholders and depositors of said bank.

I think b), personally.
talkstory  (OP)

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04/29/2013 02:12 PM
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Re: Sinclair: Day Of Financial Infamy As Cyprus Depositors Flushed 88%percent of deposits over 100,000 gone or held
so there are like 5 real posters on this board right now, everyone else is agents and bots. expect either no comments or shills OP
 Quoting: Anonymous Coward 39070954


Thanks for the warning. I don't expect this will be pinned. So give it a bump. Cyprus is fortelling future events and it would be nice if more were aware of whats coming.
talkstory
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04/29/2013 02:13 PM
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Re: Sinclair: Day Of Financial Infamy As Cyprus Depositors Flushed 88%percent of deposits over 100,000 gone or held
I hate to say it, but isn't this how a bank bailout should be handled? Putting money into a bank is a risk. A small risk, but a risk nonetheless. If that bank fails, who do you think should be on the hook?

a) The taxpayers.
b) The shareholders and depositors of said bank.

I think b), personally.
 Quoting: Anonymous Coward 34455447


I would put shareholders and bank management on the top of the list. If they can get multi million dollar bonuses when things are good. Then they can take a hair cut when they screw up.

Last Edited by talkstory on 04/29/2013 02:19 PM
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04/29/2013 02:27 PM
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Re: Sinclair: Day Of Financial Infamy As Cyprus Depositors Flushed 88%percent of deposits over 100,000 gone or held
Goodnight all, one more bump from me, see you all tomorrow.
talkstory
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04/29/2013 11:15 PM
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Re: Sinclair: Day Of Financial Infamy As Cyprus Depositors Flushed 88%percent of deposits over 100,000 gone or held
bump
talkstory
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04/30/2013 12:29 AM
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Re: Sinclair: Day Of Financial Infamy As Cyprus Depositors Flushed 88%percent of deposits over 100,000 gone or held
Well I guess nobody gives a shit. Enjoy your money while it lasts. bye
talkstory
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04/30/2013 12:32 AM
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Re: Sinclair: Day Of Financial Infamy As Cyprus Depositors Flushed 88%percent of deposits over 100,000 gone or held
Outrageous!





GLP