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r3020
Senior Advisor

What was yours is now ours

Can this come to a bank here? The future of our 401Ks and IRAs?

 

snip-

In a radical departure from previous aid packages, euro zone finance ministers want Cyprus savers to forfeit up to 9.9 percent of their deposits in return for a 10 billion euro ($13 billion) bailout to the island, which has been financially crippled by its exposure to neighboring Greece.

The decision, announced on Saturday morning, stunned Cypriots and caused a run on cashpoints, most of which were depleted within hours. Electronic transfers were stopped

 

http://www.reuters.com/article/2013/03/17/us-cyprus-parliament-idUSBRE92G03I20130317

2 Replies
sw363535
Honored Advisor

Re: What was yours is now ours

yep

ollie2655
Senior Contributor

Re: shh!!! dont tell the demorats

they already tax the dead and obalmo dont need no new ideas on how to steal from america