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Title: Cyprus: 30% haircut, paupers walk off unharmed Post by: mai77 on March 25, 2013, 11:41:47 AM The Marxists have won!
The paupers of Cyprus with less than €100'000 of savings do not have to contribute anything. The rich f**ks get a 30% haircut. The crisis was precipitated by those very same fu**s, however. :o Title: Re: Cyprus: 30% haircut, paupers walk off unharmed Post by: WishIStartedSooner on March 25, 2013, 11:44:55 AM The Marxists have won! The paupers of Cyprus with less than €100'000 of savings do not have to contribute anything. The rich f**ks get a 30% haircut. The crisis was precipitated by those very same fu**s, however. :o Rich people civil war! Title: Re: Cyprus: 30% haircut, paupers walk off unharmed Post by: theta on March 25, 2013, 01:15:33 PM The Marxists have won! The paupers of Cyprus with less than €100'000 of savings do not have to contribute anything. The rich f**ks get a 30% haircut. The crisis was precipitated by those very same fu**s, however. :o Given that the deposits guarantee was/is for €100,000, it seems pretty reasonable and according to the rules. Given that the banks were insolvent, shareholders and bondholders were wiped out, and unsecured/uninsured creditors (including depositors > €100k) pay the balance. The ones with deposits <€100k are protected by the deposits insurance. Title: Re: Cyprus: 30% haircut, paupers walk off unharmed Post by: mai77 on March 25, 2013, 01:34:16 PM yeah, except they almost weren't insured. It does not make much difference today whether a politician steals 20'000€ from you or not. lucky you, if your MP did not steal 20'000€ from your wallet by now. Title: Re: Cyprus: 30% haircut, paupers walk off unharmed Post by: nwbitcoin on March 25, 2013, 01:40:24 PM There are many ways to look at what happened here.
How about, the banks were declared bankrupt, and the EU insured the accounts of those with less than €100K? Anyone with any knowledge of the EU banking rules would have made sure they put their money into multiple accounts with less that the max amount in each ages ago. Not a bad deal over all? When politicians get involved in anything that looks like business, strange things happen! ;) Title: Russia: Cyprus theft case like Nazi Germany confiscations Post by: mai77 on March 25, 2013, 02:18:38 PM The Russians are fuming over the confiscations of their Cyprus accounts.
Russia's PM Medvedev said: " The theft in Cyprus is comparable only to confiscations of wealth of jews by Adolf Hitler's helpers " quite true actually. :-\ Title: Re: Cyprus: 30% haircut, paupers walk off unharmed Post by: niko on March 25, 2013, 03:02:15 PM The Marxists have won! The paupers of Cyprus with less than €100'000 of savings do not have to contribute anything. The rich f**ks get a 30% haircut. The crisis was precipitated by those very same fu**s, however. :o Given that the deposits guarantee was/is for €100,000, it seems pretty reasonable and according to the rules. Given that the banks were insolvent, shareholders and bondholders were wiped out, and unsecured/uninsured creditors (including depositors > €100k) pay the balance. The ones with deposits <€100k are protected by the deposits insurance. Title: Re: Russia: Cyprus theft case like Nazi Germany confiscations Post by: lebing on March 25, 2013, 03:52:07 PM The Russians are fuming over the confiscations of their Cyprus accounts. Russia's PM Medvedev said: " The theft in Cyprus is comparable only to confiscations of wealth of jews by Adolf Hitler's helpers " quite true actually. :-\ Not really. The jews had their money taken from the bank in a country in which they were a citizen. The russian oligarchs all moved their money offshore - there is always a risk doing so and they should know that. Title: Re: Cyprus: 30% haircut, paupers walk off unharmed Post by: theta on March 25, 2013, 04:25:09 PM The Marxists have won! The paupers of Cyprus with less than €100'000 of savings do not have to contribute anything. The rich f**ks get a 30% haircut. The crisis was precipitated by those very same fu**s, however. :o Given that the deposits guarantee was/is for €100,000, it seems pretty reasonable and according to the rules. Given that the banks were insolvent, shareholders and bondholders were wiped out, and unsecured/uninsured creditors (including depositors > €100k) pay the balance. The ones with deposits <€100k are protected by the deposits insurance. 30% of amount > 100k. If you have 100k, tax is zero, if you have 110k, tax is 3k, if you have 1.1m, tax is 300k. |