Big depositors in Cyprus to lose far more than feared

[green73]

They're only going to get worthless stock!


(Reuters) - 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.

http://www.reuters.com/article/2013/03/29/us-cyprus-parliament-idUSBRE92G03I20130329

[itshappening]

http://i.imgur.com/wbpomEF.png

http://www.lewrockwell.com/blog/lewrw/archives/134665.html

Only keep what you need in the Bank before this happens to you.

Don't say you weren't warned.

[BAllen]

They should consider themselves fortunate. Communists think no one should have more than $20,000 in the bank.

[TheTexan]

I'm bearish for rope

[green73]

I'm bearish for rope

You mean bullish.

[TheTexan]

You mean bullish.

Yes, that

[Cleaner44]

Theft... pure and simple. Now why would anyone want stock in a bank that is known to steal from their depositors?

[jkr]

Yes, that


http://www.youtube.com/watch?v=iyp9fh-u4w8

[Danan]

Theft... pure and simple. Now why would anyone want stock in a bank, period.

Ftfy.

[FSP-Rebel]

That's what I call a wipeout.

[Anti Federalist]

http://www.google.com.br/url?sa=i&source=images&cd=&docid=oOd-faUYbUcXxM&tbnid=8NTjrjW_hHKjtM:&ved=0CAUQjBwwAA&url=http%3A%2F%2Fcharlieweingroff.com%2Fwp-content%2Fuploads%2Fnelson_muntz_ha_ha.jpg&ei=cUZWUYr8HeGmiQLg8YH4Dw&psig=AFQjCNGZ4kvAOUxXgOp6ehoJzmMSodjkDg&ust=1364695025537180



http://i.imgur.com/wbpomEF.png

http://www.lewrockwell.com/blog/lewrw/archives/134665.html

Only keep what you need in the Bank before this happens to you.

Don't say you weren't warned.

[Anti Federalist]

Just an aside...is it some silly European thing, in number notation, that they use a decimal where a comma should be and vice versa?

[Danan]

Just an aside...is it some silly European thing, in number notation, that they use a decimal where a comma should be and vice versa?

Yep,

[oyarde]

Just an aside...is it some silly European thing, in number notation, that they use a decimal where a comma should be and vice versa?

Unexplainable like Daylight Saving time , sales tax on top of state and federal gas tax , why is a carrot more orange than an orange , things like that .I have a bar tab recpt. from around 1984 in West Germany that I kept to show this odditie to my family.

[J_White]

its russian money, so they can block it.
if it was money from American "businessmen" and financiers, would they have taken it ?

[oyarde]

Here, I think the Dems will go after 401k's , that protects the banks and people cannot just pull that money out.....

[oyarde]

There is never enough money to prop up these bullshit socialist governments , they will become more creative in stealing in the future.

[Indy Vidual]

Thank goodness this can never happen in the USA.

http://drupal.in-cdn.net/cdn/article/public/education_in_the_USA.jpg