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<p>[QUOTE=&quot;InfleXion, post: 1686196, member: 29012&quot;]Most of the Russian oligarchs got their money out via London branches that were open when Cyprus branches were closed. That&#039;s why the confiscation percentage kept increasing to meet monetary demands. </p><p><br /></p><p>And now they are selling a good portion of their gold for a measley $400 million. </p><p><br /></p><p>This was a direct attack on the money launderers and tax evaders located in Cyprus - who would stand up for them? Let them be robbed, it&#039;s OK as long as it doesn&#039;t happen to you. /sarc. I&#039;m sure people in Nazi Germany had a similar sentiment if they weren&#039;t Jewish.&nbsp; </p><p><br /></p><p>I agree that this was likely the first of many. Canada, New Zealand, and others are already writing up &quot;bail-in&quot; legislature so that when this happens again it will be on clearer terms. If it does happen elsewhere you can bet there won&#039;t be an announcement beforehand as was done in this case. People will wake up to their funds being gone just like during the Great Depression. It&#039;s almost as if these bankers want a bank run. They&#039;re doing a good job of herding people that way.[/QUOTE]</p><p><br /></p>

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