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Cyprus haircuts could be as much as 60%[/url]. For some business accounts it can be as much as 80% (although these businesses supposedly will receive back 20% within 5 to 7 years so it's still technically 60%).
Originally posted by litterbaux
-People really are sheep. Someone takes your life's savings, your life's work, your life's worth and flushes it down the toilet. You just take it? You don't even put up a fight?
Why are there no stories of people burning buildings (aside from the bank fire)? Why aren't there people in the streets?
It makes no logical sense to me.
Originally posted by litterbaux
reply to post by ChaoticOrder
The one thing I don't understand is why people are just taking this. It leads me to believe there are one of two scenario's going on here.
-This whole thing is made up. Not saying the banks aren't confiscating folks money but the scope is being way over hyped.
Or...
-People really are sheep. Someone takes your life's savings, your life's work, your life's worth and flushes it down the toilet. You just take it? You don't even put up a fight?
Why are there no stories of people burning buildings (aside from the bank fire)? Why aren't there people in the streets?
It makes no logical sense to me.
Originally posted by aLLeKs
First of all: it is a shame, that normal people have to pay for the mistakes of the big banks.
Originally posted by truthinfact
What you all want is PHYSICAL assets... There is no point in having a devalued Currency. Leave your money in the bank. When it all goes under, it wont matter if your cash was CASH or electric. both will be worthless.
Originally posted by beezzer
reply to post by ChaoticOrder
No-one held a gun to Cyprus's head when they signed on to the EU.
On the contrary, the deal was more Faustian, then anything else.
Well, the devil is calling in his marker. Time to pay up!