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<p>[QUOTE=&quot;Rono, post: 1674179, member: 6492&quot;]Howdy,</p><p><br /></p><p>Ah, why doesn&#039;t it surprise me that there may have been some other forms of withdrawal of targeted deposits.&nbsp; </p><p><br /></p><p>This is based upon the Cypriot gov&#039;t setting itself up as a tax shelter/haven in order to buoy their economy.&nbsp;&nbsp; It attracted lots of russian mafia money and got so out of control the EB decided to shut the operation down - per force.</p><p><br /></p><p>The origianl deal floated by the Cypriots was to only hit the russians by 15% and screw their entire population to give themselves cover from unhappy russians.&nbsp; This was completely beyond the pale and sent shudders through the entire banking system world wide because it would violate the &#039;FDIC&#039; insurance that covers deposits up toe&nbsp; $100K.&nbsp; Nada said the huns.&nbsp; Now they&#039;ve got to hit the russians for 40% to get enough and close the worst of the banks.&nbsp; </p><p><br /></p><p>Now, the Cypriot politcians can get reelected (instead of burned at the stake) so they&#039;ll be easy pickens for unhappy russian mafiosos.&nbsp; Not a fun place for them [but personally I love to see policians hoisted on their own petard].</p><p><br /></p><p>Ergo, to hopefully save their miserable lives, they left the drive up windon open in London.&nbsp; </p><p><br /></p><p>Is anyone surprised?</p><p><br /></p><p>peace,</p><p><br /></p><p>rono[/QUOTE]</p><p><br /></p>

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