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In reply to the discussion: Would you use a bank with these rules? [View all]Donald Ian Rankin
(13,598 posts)23. Problem is, my understanding is that the alternative may be "you lose all your money".
The reason such draconian measures are being forced onto Cyprus appears to be that the alternative may be mass bankruptcy, at which point not being bound by draconian terms of service will not be much consolation for investors whose savings are simply gone.
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You can't sell on ebay without paypal and you can't mention checks or money orders
graham4anything
Mar 2013
#10
IMO, it would be awesome if everyone stopped paying on credit cards, loans, etc.,
Zorra
Mar 2013
#20
And a government that wanted to lop ten percent off of bank deposits
customerserviceguy
Mar 2013
#27
Problem is, my understanding is that the alternative may be "you lose all your money".
Donald Ian Rankin
Mar 2013
#23