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I don't understand why noone looks into where the Cypriot money went. Was it embezzled or loaned out to people who can't repay it or what ? Why should others like taxpayers make up the short fall and pay for the bank's mistakes ? Put the bank's directors in jail until they cough up !!

Is that you Splitt ? Still can't spell Cyprus properly. Cypress is the tree.

A yearly 10% haircut on wealth in the US would be just the thing for bringing home just how much the debt is. Could make that 95% on those responsible like Bush, Clinton, Obama etc. that would bring back some reality to the situation imo. A once great country brought to it's knees by it's...

The politicians weave their spells and the deluded people kill each other for La Gloire ? Ridiculous really.

The EU and Russians are locked in talks. Looks to me as if there might be a firesale of Cypriot assetts by the big boys carving up a small island. Perhaps it serves them right though ? Incompetent clots ! It could set a precedent for other mismanaged economies too. What if the Chinese wanted...

One thing is for sure it will be a political fudge and delaying any positive action. Von Rompey and the boys and girls have a great chance to show the world what great statesmen they are, but they had better get it right for a change.

Kama is averaging down dangerously. A Martingale system which is bound to fail sooner or later. His followers must be pretty mad by now.

Sounds harsh but the solvent banks MUST cut adrift the failures or they will pull them down too. The Russians may end up owning a bank in Cyprus ? The previous managers may be thinking of distant places to hide !!

Also the big deposits of organised crime, Somali pirates, tax dodgers, the richest 2,000 Greeks etc.

About time someone told the bankers the first law of banking isn't it ? Don't lend money to people who can't repay it, plus interest. Not too demanding intellectually !!

I bet Obama and others are considering this new revenue. ploy. 10% could be just for starters. Might pay off Bush's debts at that rate.

40% of the Cyprus bank deposits are Russian. The little guys under E20,000 won't be affected. The likelyhood of revolutionary riots recedes a bit.

Just above the revolution level !! Spot on with that. Very 70s hairdo but I digress. So watch your butts fellow surfs and peasants, 'cos I doubt you are in one of the elite families !!

The Cyprus legislature isn't voting on this until Tuesday. It could be thrown out ! Then what ? Can democracy make the tough decisions ? We shall see.

This Cyprus move just might give Bunny some ideas ??? This has set the bar at a new low and likely to be copied. Notice how they pick on the little guys first. That money was guaranteed safe.

Russia today is very similiar to the USA in late 19th century. The " Robber Barons " loaded up their personal fortunes without much regard for their workers. The Rockerfellers, Gettys etc aren't what they were but still rich.

9 days before the cuts take effect. Will they turn the heating off in Congress ? Hope so. Free Willy warmers for the guys ?

Before WW2 the matter of banks going bust was considered a serious matter in the UK. The local Cornish bank went tits up and the Directors were put in jail. None of this " just par for the course" US crappy thinking. The deterrents worked up until recently. Nobody seems to care too much on the...

Now the Titanic is sinking there is the problem of insufficient lifeboats. Fill up the available lifeboats and they will sink too. Looks like some will just have to swim for it !! The Soviet dream has finally come true and our fates are in the hands of the same useless plonkers ! Fantastic

Who is gbos ? Can't say I have heard of him.