Comments (31) (Please sign in to comment)

1. 

   ConserveGov said, 2 months 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 said, 2 months 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. 

   Radish said, 2 months ago

   Its a practice run before they take on the rest of the world.
4. 

   Ottodesu said, 2 months 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 R said, 2 months 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 said, 2 months 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 said, 2 months 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 said, 2 months ago

   My money went to Cyprus and all I got was this t-shirt!
9. 

   russell5419 said, 2 months ago

   BINGO !!!
10. 

    edinbaltimore said, 2 months ago

    Considering the interest banks are paying, I’d LIKE to get a t-shirt!
11. 

    Ms. Ima said, 2 months ago

    It isn’t a tax hike, it’s confiscation of personal property.
12. 

    The Wolf In Your Midst said, 2 months ago

    @edinbaltimore

    Yeeeeeah, they’re gonna be needing that T-shirt back too.
13. 

    mshefler said, 2 months ago

    @Respectful Troll

    Well, there you go — Cypriots get to keep their money; Russians, not so much.
14. 

    TheTrustedMechanic said, 2 months ago

    @ScottPM

    Not to mention that tax evasion was seen as something of a national sport. Kinda like the rich in America, but here instead of bribes, no here they bribe the officials (politicians) to give them special tax treatments and tax breaks so even if they pay, they pay a much lower percentage that the working serfs. Lots of parallels between the two countries if you actually think about it instead of sucking down the partisan propaganda swill.
15. 

    Adrian Snare said, 2 months ago

    @Respectful Troll

    We must have people smart enough in our nation to handle the money….and design the rules and regulations.
    Our people(the masses) , generally are not that wise, nor non-greedy , the same with the politicians – for them, it must be hands off….but it was not that way during the Reagan and Bush years….
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