View Poll Results: Is This Theft?

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  • YES!

    22 75.86%
  • NO!

    1 3.45%
  • It is contemporary banking as in "too big to fail."

    3 10.34%
  • It is simply a mistake.

    3 10.34%
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Thread: The Confiscatory Cyprus Bank Tax Idea Destroyed European Bank Confidence ???

  1. #41
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    Re: The Confiscatory Cyprus Bank Tax Idea Destroyed European Bank Confidence ???

    I'm no rocket scientist, but why don't the ECB and the Cyprus Bank just state that they are going to steal 60% of large depositors money. If they can do it there, it can be done here, remember that. They must not be afraid of the Russian mafia, eh?

    Bank of Cyprus big savers to lose up to 60 percent | Breaking Tampa Bay, Florida and national news and weather from Tampa Bay Online and The Tampa Tribune | TBO.com

    ""Bank of Cyprus big savers to lose up to 60 percent

    Published: March 30, 2013
    NICOSIA, Cyprus - NICOSIA, Cyprus (AP) A Central Bank official and a senior Finance Ministry technocrat says that Bank of Cyprus savers with over 100,000 euros could take losses of up to 60 percent.

    The officials, who spoke on condition of anonymity because they're not authorized to publicly discuss details of the issue, said Saturday that deposits over 100,000 at the country's largest lender will lose 37.5 percent of their value after being converted into bank shares.

    They said they could lose up to 22.5 percent more, depending on an assessment by officials who will determine the exact figure aimed at restoring the troubled bank back to health.

    Cyprus agreed Monday to make depositors contribute to a financial rescue in order to secure 10 billion euros ($12.9 billion) in loans from the eurozone and the IMF."

  2. #42
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    Re: The Confiscatory Cyprus Bank Tax Idea Destroyed European Bank Confidence ???

    Quote Originally Posted by DaveFagan View Post
    I'm no rocket scientist, but why don't the ECB and the Cyprus Bank just state that they are going to steal 60% of large depositors money. If they can do it there, it can be done here, remember that. They must not be afraid of the Russian mafia, eh?

    Bank of Cyprus big savers to lose up to 60 percent | Breaking Tampa Bay, Florida and national news and weather from Tampa Bay Online and The Tampa Tribune | TBO.com

    ""Bank of Cyprus big savers to lose up to 60 percent

    Published: March 30, 2013
    NICOSIA, Cyprus - NICOSIA, Cyprus (AP) A Central Bank official and a senior Finance Ministry technocrat says that Bank of Cyprus savers with over 100,000 euros could take losses of up to 60 percent.

    The officials, who spoke on condition of anonymity because they're not authorized to publicly discuss details of the issue, said Saturday that deposits over 100,000 at the country's largest lender will lose 37.5 percent of their value after being converted into bank shares.

    They said they could lose up to 22.5 percent more, depending on an assessment by officials who will determine the exact figure aimed at restoring the troubled bank back to health.

    Cyprus agreed Monday to make depositors contribute to a financial rescue in order to secure 10 billion euros ($12.9 billion) in loans from the eurozone and the IMF."
    I have to ask myself. Who's side is the IMF and the Eurozone/ECB on? Certainly not on the side of small money. They seem to be international. They are Reserve Bank leaders. I am certain that they represent the "too big to fail" interests and would like to know what is really going on. If all these banks are so extremely fragile, there is something endemic wrong with the system. Iceland did the right thing. If the banks need to crash, let it happen and we'll all be knee deep in the same swamp. That 1/10th of the top 1% can just kiss my ass.

  3. #43
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    The Confiscatory Cyprus Bank Tax Idea Destroyed European Bank Confidence ???

    Quote Originally Posted by DaveFagan View Post
    I have to ask myself. Who's side is the IMF and the Eurozone/ECB on? Certainly not on the side of small money. They seem to be international. They are Reserve Bank leaders. I am certain that they represent the "too big to fail" interests and would like to know what is really going on. If all these banks are so extremely fragile, there is something endemic wrong with the system. Iceland did the right thing. If the banks need to crash, let it happen and we'll all be knee deep in the same swamp. That 1/10th of the top 1% can just kiss my ass.
    How much do the banks have to do before you realize that this is a scam... Plain and simple... And the riots are part of the plan, that is, the riots that occur as a result of the wealth being stolen??

    Seriously, it's at the point now where it'd be like a robber walking out of your house, and says that he thought he was supposed you help move, but it was the wrong address and was just an accident that the house was broken into in the process.

    At what point do people start to realize that incompetence is just the cover story for criminality!?

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