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General Discussion

oldhippie

(3,249 posts)

25. Thanks, ...

Reply to dipsydoodle (Reply #22)

Sat Mar 16, 2013, 05:01 PM

Mar 2013

It was a little confusing, and I am genuinely curious as to how this will work.

The depositors getting an equivalent amount of stock in the banks is an interesting twist. So people are going to become involuntary stockholders in the bank? Hmmmm, I wonder how that would go over in the US?

Anyway, thanks for the info. I would appreciate hearing more as you keep up with this.

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Highlight:

Stunning Bailout For Cyprus —Bank Depositors To Get Instant 10% Tax Before Banks Reopen This Week [View all] dixiegrrrrl Mar 2013 OP

When has our government JimDandy Mar 2013 #1

Bank holidays during the Depression dixiegrrrrl Mar 2013 #2

Worried me there! JimDandy Mar 2013 #3

I thought bank holidays were to stop runs on deposits. nt NutmegYankee Mar 2013 #6

Back then, they were. But the effect is the same.. dixiegrrrrl Mar 2013 #12

Bank holidays didn't take or tax deposits. They simply closed the doors, typically for a matter HiPointDem Mar 2013 #15

Cyprus seems to have done both. dixiegrrrrl Mar 2013 #16

which is the difference between what happened in the depression and what's happening in cyprus, HiPointDem Mar 2013 #29

c. half of those accounts dipsydoodle Mar 2013 #4

awww jeez, Dipsy..I did not see your earlier post. dixiegrrrrl Mar 2013 #5

Not a problem dipsydoodle Mar 2013 #8

Going to be really interesting on how europeans react to this. dixiegrrrrl Mar 2013 #9

I've edited this - What you might not appreciate dipsydoodle Mar 2013 #11

So does that mean that the people with less than .... oldhippie Mar 2013 #19

There are two issues dipsydoodle Mar 2013 #22

Thanks, ... oldhippie Mar 2013 #25

There's no reason why the US govt couldn't levy a property tax on financial assets. FarCenter Mar 2013 #7

It is WHO is setting the taxes, tho. It wasn't "state and local governments " dixiegrrrrl Mar 2013 #14

see edit to #11 above dipsydoodle Mar 2013 #21

Does that mean the money Cyprus takes is "insured" dixiegrrrrl Mar 2013 #23

Two issuesi independent of each other. dipsydoodle Mar 2013 #26

It is the Cyprus government that sets the tax FarCenter Mar 2013 #28

Globalization irony. hay rick Mar 2013 #10

If I had an account stolen from, I'd call the police dickthegrouch Mar 2013 #13

What do you think the police will do about it? oldhippie Mar 2013 #20

Its a government tax dipsydoodle Mar 2013 #27

Cyprus is a known haven for Russian money laundering operations Ruby the Liberal Mar 2013 #17

LOL..I was thinking the same thing. dixiegrrrrl Mar 2013 #24

whomever hoarded their money instead of putting it in their bank Paul E Ester Mar 2013 #18