Robert Ariail by Robert Ariail

Robert Ariail

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  1. ConserveGov

    ConserveGov said, almost 2 years ago

    I’m sure the Spendocrats in DC are taking notes. If O can’t get even more tax hikes passed because of those pesky Republicans, then maybe there’s another way to get our money……

  2. mickey1339

    mickey1339 GoComics PRO Member said, almost 2 years ago

    This is another one of the European communities grand ideas on how to stimulate their economy? Banks all over Southern Europe are having a rash of transfers as the fear of this tactic spreading moves to other countries.

  3. Rad-ish

    Rad-ish GoComics PRO Member said, almost 2 years ago

    Its a practice run before they take on the rest of the world.

  4. Ottodesu

    Ottodesu said, almost 2 years ago

    @ConserveGov

    Running out of money has been due to many national funds trusting USA fiscal systems, that unfortunately were not regulated.
    Where I live, the “Sub-Prime” crunch had been noted in the mid 2000s and we averted a recession.
    Not all countries were wise enough to not trust in the USA.

  5. omQ Release the Desaparecidos

    omQ Release the Desaparecidos said, almost 2 years ago

    I was astounded when I first heard it at the beginning of the weekend; I predicted it could not go through. I concur with Arail (for once), it was going to be robbery. Confiscation of savers’ money? What on earth were they thinking?
    I would have been there with a bull-dozer, too.

  6. masterskrain

    masterskrain GoComics PRO Member said, almost 2 years ago

    Uh-Oh…Wanna bet that Bank of America is seriously thinking about trying THIS one?
    Heck, they do ANYTHING else they can to scam as much money from their suckers…er…customers as they can, so this CAN’T be too far down the road!

  7. Respectful Troll

    Respectful Troll said, almost 2 years ago

    An item on NPR was either ironic or amusing depending on one’s mindset.
    The Russian rich has been using Cyprus the way some American rich use banks in the Caribbean. The nation of Russia has 40 billion dollars in loans to Cyprus.
    ^
    If Cyprus enacts the tax hikes on deposits in order to stay solvent, Russians lose billions; and if Cyprus defaults on its loan payments, Russians lose billions.
    ^
    Much of Cyprus’s problems comes from investments it made in its closest trading partner, Greece. Much of Greece’s suffering comes from trusting Goldman-Sachs and other American banks and the high yield and ultimately, high risk, financial products.
    ^
    I don’t think US bankers will be vacationing in the Mediterranean for a while.
    Respectfully,
    C.

  8. edinbaltimore

    edinbaltimore GoComics PRO Member said, almost 2 years ago

    My money went to Cyprus and all I got was this t-shirt!

  9. edinbaltimore

    edinbaltimore GoComics PRO Member said, almost 2 years ago

    Considering the interest banks are paying, I’d LIKE to get a t-shirt!

  10. The Wolf In Your Midst

    The Wolf In Your Midst said, almost 2 years ago

    @edinbaltimore

    Yeeeeeah, they’re gonna be needing that T-shirt back too.

  11. mshefler

    mshefler said, almost 2 years ago

    @Respectful Troll

    Well, there you go — Cypriots get to keep their money; Russians, not so much.

  12. Respectful Troll

    Respectful Troll said, almost 2 years ago

    @Adrian Snare

    Banks are taking note. They are interceding on Cyprus’s behalf because of a general fear in the populace world wide that if a bank can do this in one nation, banks in other nations can do it. Banks are concerned about a worldwide run on their assets.
    ^
    Considering what happened to Americans in 2007 through 2009, I was really surprised more Americans didn’t take their money out of banks and put it in Credit Unions. I have not heard of a single credit union that went under because of the recession.
    ^
    Americans want to trust their institutions and their legislators because they simply do not have time to learn all of the minutiae necessary to know EVERYTHING one needs in order to survive the financial manipulations foisted on them. Working 40 to 80 hours a week, 5 to 15 hours a week commuting, taking care of a home, perhaps children or other family, people are overworked and overwhelmed and too many legislators and institutions do NOT have America’s back…and if they do…they too often have a knife to stick in us.
    Cynically,
    C.

  13. DGF999

    DGF999 said, almost 2 years ago

    @David

    What more needs to be explained? It IS confiscation of personal property. Your savings- it is yours, is it not? Or does it belong to the government?

  14. Bruce4671

    Bruce4671 said, almost 2 years ago

    @TheTrustedMechanic

    Speaking of dodging taxes the huffington post points out our own group of sporting evaders.

    And then we have a few “famous” ones, like Warren Buffet, Tim Geitner, Charles Rangel, to name a few.

  15. mikefive

    mikefive said, almost 2 years ago

    @Respectful Troll

    I echo your cynicism, C. The trading of derivatives of questionable value by our institutions has been deemed as a major contributor to the recent recession, yet derivatives are still being traded, mostly under the old rules. In checking SEC rules under Dodd-Frank, I saw many proposed rules as compared to implemented rules as pertains to these financial instruments. Admittedly, the additional funding for the SEC has not been what is necessary to implement Dodd-Frank in a timely manner. So said, It has been three years since said act was passed, and it is disappointing to see how little progress the SEC has made in that length of time.

    I am mystified as to how our legislators can say that some institutions are to large to fail but take no action to break up those institutions so that mismanagement cannot cause the wide reaching effects that also contributed to this last recession. To me, it is gross negligence on the part of our lawmakers that they have taken no visible action to defend the populace against mangerial incompetence of the “to large to fail” institutions.

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