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Re: VBgood post# 20110

Tuesday, 03/26/2013 10:13:50 AM

Tuesday, March 26, 2013 10:13:50 AM

Post# of 26631
I personally don't care about any of the screwed depositors in Cyprus. They should have known the risks involved in the first place, whether your a local, foreign businessman, or RUSSIAN MOB!
Know the risk or lose your ass.

The lesson to be learned is nothing is safe and your money may be at risk just sitting in the bank. Who's next? Well, certainly some of the other countries in southern Europe like Italy may be, but I suspect the ECB or IMF will think twice before even mentioning the supposed insured depositors will take the hit. That would induce major runs on all banks IMO. That's only of course if they can pay off insured depositors if it come to it. The Ponzi scheme will play out as long as it can.

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