Cyprus deal 40% haircut

Discussion in 'Wall St. News' started by mastacoli71, Mar 24, 2013.

  1. zdreg


    'one problem-(imo) at this point of the game-US doesn't really need any money from outside. Benny and Co can print whatever the f*** they want"

    printing money is not the same as others demanding your money.
    if you print money you stoke inflation and destroy the currency.
    #11     Mar 24, 2013
  2. achilles28


    Thanks for proving my point. The banks received yet another bailout via monetization and depositor confiscation. What part of robbery don't you understand?
    #12     Mar 24, 2013
  3. achilles28


    Oh right. And who is that?
    #13     Mar 24, 2013
  4. zdreg


    in a capitalist system the depositor should also pay for not doing their
    due diligence.
    #14     Mar 24, 2013
  5. achilles28


    I agree. But all we have are depositors taking it up the ass, to save banks!

    If we're going to have losses, let both depositors AND BANKS go bankrupt. Fuck them.

    Either that, or backstop all deposits and let the bankers twist.

    See? We've gone down the worst possible road - financial sector bailouts paid for by the private sector.
    #15     Mar 24, 2013
  6. achilles28


    They do. Cause that's the system. But Iceland said FUCK YOU BANKERS. And arrested their asses. Which is exactly what we need to do. Let the banks fail, round up these little bitches like Geithner, Bernacke, Blankfien etc, and put them in prison.

    #16     Mar 24, 2013
  7. hftvol


    robbery? Maybe you wanna first capture the big picture before making bold statements like that. Maybe you can account for us a single HONESTLY earned euro that was deposited by ANY RUSSIAN into ANY Cyprus bank? Then we can talk robbery. Please convince us that less than 95% of deposits above 100k euros are not from illicit sources. Then we can talk robbery.

    Point being, that country is a harbor and rat hole for illicit funds from Russia and many other dark sources around the globe. Everyone gets what they ask for.

    #17     Mar 24, 2013
  8. hftvol


    that is why one bank is entirely dismantled, shutdown, management fired. What else, you wanna hang someone? Did you lose a penny? If not then shut up and let the poor Russians mourn.

    #18     Mar 24, 2013
  9. Bob111


    you got the point..

    who would trust this guy?

    Cesare Lombroso is the man!


    #19     Mar 24, 2013
  10. 40% ain't a harcut. It's a leg amputation.
    #20     Mar 24, 2013