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Forums - Politics Discussion - Cyprus Bailout Risks Europe Bank Runs

leatherhat on 18 March 2013

http://news.cnet.com/8301-1009_3-57575024-83/chase-denies-hack-behind-sudden-account-drains/

Who wants to be that chase is showing people a big fat zero in their accounts to prevent withdrawals?



ǝןdɯıs ʇı dǝǝʞ oʇ ǝʞıן ı ʍouʞ noʎ 

Ask me about being an elitist jerk

Time for hype

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Kasz216 on 18 March 2013
dsgrue3 said:
FDIC baby.


Actually that's part of the big controversy.  Cyrpus DOES have a program like the FDIC.

Yet they are still hitting people below their FDIC cap.



Kasz216 on 18 March 2013
fillet said:
"So the U.S. would probably have to get involved."

....Uhhhhh....NO, what an insulting thing to write in an article, not to mention complete bollocks (yep, a nice english term for you, that's british english, where english came from) as the richer countries in the Eurozone have more than enough funds to fund any bailout (regardless of the devaluation of the euro that follows each time), and if a bailout isn't offered then the parasitic country will be given the boot...how on earth would the US be involved. (They wouldn't, that was a rhetorical question)

Apart from that, good read for the layman :)

Eh, not really.  I mean... Germany, but the second richest country I believe is France... and they themselves aren't as far away from needing a bailout as you would think.

Pretty much everyone but Germany has an economic issue.



Kasz216 on 19 March 2013
Mr Khan said:
No wonder the Socialists are making gains in Cypriot polls. Let the banks fail: protect the people, and to a lesser extent, the businesses.

Asset seizures should only be used when someone's actually done something wrong, like back child support payments or tax evasion.


I'm actually kind of surprised.  Considering your pro "Salary maxium" I thought  a wealth tax would be something you support.

Since that's what this is.

I would of thought your only objection would be the tax to those under the insured line.



dsgrue3 on 19 March 2013
Kasz216 said:
dsgrue3 said:
FDIC baby.


Actually that's part of the big controversy.  Cyrpus DOES have a program like the FDIC.

Yet they are still hitting people below their FDIC cap.

I see the issue then. That's faily disconcerting and pure thievery. There is a legal obligation to insure the monies up to that point. Suddenly taxing that is not legal. I imagine there will be a bevy of lawsuits in regard to this.  



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fillet on 19 March 2013

In all honesty, it's the most just resolution to their problem. Desperate times, desperate measures.

Might not be politically correct, and it might be thievery, but so are taxes in general. I can't remember signing anything to say I was willing to pay tax on any income over my personal allowance. Nor do I remember agreeing to pay council tax.

Sure I filed the returns and whatnot but I didn't have a choice.

Only difference here is that it's a new, people hate new.



Mr Khan on 19 March 2013
Kasz216 said:
Mr Khan said:
No wonder the Socialists are making gains in Cypriot polls. Let the banks fail: protect the people, and to a lesser extent, the businesses.

Asset seizures should only be used when someone's actually done something wrong, like back child support payments or tax evasion.


I'm actually kind of surprised.  Considering your pro "Salary maxium" I thought  a wealth tax would be something you support.

Since that's what this is.

I would of thought your only objection would be the tax to those under the insured line.

True, but this is like ex-post-facto income capping. It sets a very different precedent.



Monster Hunter: pissing me off since 2010.

mrstickball on 19 March 2013

FYI, the parliament rejected the bailout. No one voted for it.



Back from the dead, I'm afraid.

mai on 20 March 2013
mrstickball said:
FYI, the parliament rejected the bailout. No one voted for it.

Damn, I really hoped they'll vote for it. Pussies.



Devil_Survivor on 20 March 2013
Kasz216 said:
fillet said:
"So the U.S. would probably have to get involved."

....Uhhhhh....NO, what an insulting thing to write in an article, not to mention complete bollocks (yep, a nice english term for you, that's british english, where english came from) as the richer countries in the Eurozone have more than enough funds to fund any bailout (regardless of the devaluation of the euro that follows each time), and if a bailout isn't offered then the parasitic country will be given the boot...how on earth would the US be involved. (They wouldn't, that was a rhetorical question)

Apart from that, good read for the layman :)

Eh, not really.  I mean... Germany, but the second richest country I believe is France... and they themselves aren't as far away from needing a bailout as you would think.

Pretty much everyone but Germany has an economic issue.

The U.K. has a slight bigger economic than France, so its third richest. But, yeah their finanical position isn't so good, its better than Spain and Italy at least.