The Tender For Law

Volume 1

Mar 25, 2013 11:54 AM

Scott Duncan

Oh fuck.

Bank of Cyprus to cut 30% off deposits over �100,000

rt.com

Depositors in the Bank of Cyprus, the biggest bank on the island, will reportedly lose 30 percent on their holdings above 100,000 euros, the chairman of the Cypriot parliamentary finance committee said on Monday.

Read Comments

Anibal Jose Baez

<<"I think they continue stealing what's already been stolen. We need to understand what this story will finally lead to," Russian Prime Minister Dmitry Medvedev commented on the move during a meeting with his aides on Monday.>>

Icbeonne Senama

The first domino has fallen... I hope nobody here is affected, but by the comment there by Scott.... shity. I read something on beforeitsnews that a 900 MILLION dollar put option on the Euro was placed a few days ago, suggesting a Euro collapse in two weeks. This is similar to the large put options on certain airlines prior to the 9-11 attacks... Zerohedge articles reckon the worst news is going to come from Japan... crazy times.

Icbeonne Senama

From above: The revised accord spares bank accounts below the insured limit of 100,000 euros. It imposes losses that two EU officials said would be no more than 40 percent on uninsured depositors at Bank of Cyprus Plc, the largest bank, which will take over the viable assets of Cyprus Popular Bank Pcl (CPB), the second biggest.

Antony Mac Phiarais

scott , remember we spoke about ireland being the test case well IMO this was ment for ireland but it would of been too much all at 1 time , i reckon it will happen all over the EU , all the so called bailed out countrys, its all smoke and mirrors, what they are really doing , is swapping banking debt for long term government bonds , and causeing as much suffering and pain as they can ..... .. . .. .