There will be a lot of angry Russians today

[Dirty F]

I think it's insane they can just take your money like that. Totally insane.

[Supz]

I guess when you are hiding money or avoiding taxes. These are the chances that you take.

[bean-aid]

Originally Posted by Supz

I guess when you are hiding money or avoiding taxes. These are the chances that you take.

this is like the mafia coming to get you for selling your soul!

[mechanicvirus]

They should have banked with PBBC, 100% secure all the time.

[ctggls]

EU communists...

[DWB]

Originally Posted by Dirty F

I think it's insane they can just take your money like that. Totally insane.

And to think, before this happened anyone who said a bank could and probably would do this if its back was against the wall was called a conspiracy nutter, or an imbecile by you. Funny how that works out.

[BabeHunter]

yeah, for sure, i know quite a few people who have some big $ in cyprus

[Dirty F]

Originally Posted by DWB

And to think, before this happened anyone who said a bank could and probably would do this if its back was against the wall was called a conspiracy nutter, or an imbecile by you. Funny how that works out.

Piss off, moron.

[slapass]

When a bank goes under, the deposits are insured to the level of insurance. They kept that promise and saved even more of the deposits so they are even better then the law, We are just used to people constantly doing that. Iceland did this and the UK and Netherlands made it up for their people. Maybe Russia will do the same?

[purecane]

Originally Posted by slapass

When a bank goes under, the deposits are insured to the level of insurance. They kept that promise and saved even more of the deposits so they are even better then the law, We are just used to people constantly doing that. Iceland did this and the UK and Netherlands made it up for their people. Maybe Russia will do the same?

These aren't banks going under and these banks don't offer insurance. You think Russia is gonna give its citizens an "IOU" for money that bankers stole???

[seeandsee]

Russia to nuke them for revenge yeah

[Google Expert]

Originally Posted by seeandsee

Russia to nuke them for revenge yeah

Cyprus is in NATO, dumbass.

No one is nuking anyone.

[MaDalton]

Originally Posted by seeandsee

Russia to nuke them for revenge yeah

i always wonder how old you are. 12?

[BlackCrayon]

i guess they shouldn't of relied on a bank that wasn't insured.

[sperbonzo]

Originally Posted by purecane73

These aren't banks going under and these banks don't offer insurance. You think Russia is gonna give its citizens an "IOU" for money that bankers stole???

The bankers didn't steal it.... Why are you guys blaming the banks?

It is the Government of Cyprus that did it, not the banks. I can't believe you guys don't see this....





.

.

[MaDalton]

Originally Posted by sperbonzo

The bankers didn't steal it.... Why are you guys blaming the banks?

It is the Government of Cyprus that did it, not the banks. I can't believe you guys don't see this....

.

.

It's not that the banks in Cyprus are completely innocent...

[Relentless]

The banks and the government are run by the same people. That is true in Cyprus and in the US
I can't believe you still don't see that yet...

[sperbonzo]

Originally Posted by Relentless

The banks and the government are run by the same people. That is true in Cyprus and in the US
I can't believe you still don't see that yet...

I do, and that's why government needs to be scaled back in such a huge way. When we keep on giving government so much power, will always bring us into a situation where government can take your money by force so it can reward it's friends with bailouts, and restrict any competition by increasing regulation to the point where only the big players can deal with it; we will inexorably be taken down this path.




.

[MaDalton]

Originally Posted by sperbonzo

I do, and that's why government needs to be scaled back in such a huge way. When we keep on giving government so much power, will always bring us into a situation where government can take your money by force so it can reward it's friends with bailouts, and restrict any competition by increasing regulation to the point where only the big players can deal with it; we will inexorably be taken down this path.

.

Cyprus shows what happens when you have not enough government influence on banks

same like the housing crash in 2008 and a few other examples.

when banks can do whatever they want, they fuck you up the ass with no lube and then pay themselves a bonus

i am surely no hardcore socialist but banks need to be highly regulated - worldwide

[Sly]

Originally Posted by MaDalton

Cyprus shows what happens when you have not enough government influence on banks

same like the housing crash in 2008 and a few other examples.

when banks can do whatever they want, they fuck you up the ass with no lube and then pay themselves a bonus

i am surely no hardcore socialist but banks need to be highly regulated - worldwide

Sounds like the banks had influence in the government, and since they had influence in the government, the government had influence in the banks since they are one in the same.

Looks like a nice pretty circle jerk to me. Crackers, anyone?

[sperbonzo]

Originally Posted by MaDalton

Cyprus shows what happens when you have not enough government influence on banks

same like the housing crash in 2008 and a few other examples.

when banks can do whatever they want, they fuck you up the ass with no lube and then pay themselves a bonus

i am surely no hardcore socialist but banks need to be highly regulated - worldwide

Banks are already the most regulated industry in the world. So what happens? Their friends in government force them to make loans that are too risky in order to make political points and get votes. Then the banks can't handle the risk so the government promises to underwrite it, and bail them out if it goes bad. At the same time, the banks use the government to institute more and more regulations on banking that are designed to keep out any startup competition that might provide more choice and balance in the banking marketplace for the consumers.

More regulation will simply result in their being only a handful of banks left in the world, no other place to go, and the government being able to utilize those banks to do whatever is politically expedient, while always bailing them out with our money whenever their politically expedient actions go wrong.



.

.

[Sly]

Originally Posted by sperbonzo

More regulation will simply result in their being only a handful of banks left in the world, no other place to go, and the government being able to utilize those banks to do whatever is politically expedient, while always bailing them out with our money whenever their politically expedient actions go wrong.



.

.

One World, One Bank.

United We Stand!

[Helix]

Maybe Cyprus felt that the rich should pay their fair share...hmmm.

[HushMoney]

Originally Posted by sperbonzo

Banks are already the most regulated industry in the world. So what happens? Their friends in government force them to make loans that are too risky in order to make political points and get votes. Then the banks can't handle the risk so the government promises to underwrite it, and bail them out if it goes bad. At the same time, the banks use the government to institute more and more regulations on banking that are designed to keep out any startup competition that might provide more choice and balance in the banking marketplace for the consumers.

More regulation will simply result in their being only a handful of banks left in the world, no other place to go, and the government being able to utilize those banks to do whatever is politically expedient, while always bailing them out with our money whenever their politically expedient actions go wrong.



.

.

You realize that the reason the WORLD WIDE economy collapsed was due to dropping certain regulations on banks right? Saying they should be less regulated is ridiculous. Nothing you say will make it logical.





.

[beerptrol]

Bank in your own country and quit trying to hide money in banks overseas or starting companies overseas to avoid taxes.

[Tasty1]

Originally Posted by slapass

Iceland did this and the UK and Netherlands made it up for their people. Maybe Russia will do the same?

The Netherlands didn't save money for alle the people. Remember the DSB bank. Everybody who had more money than 100.000 on that bank lost all their money. While the government saved all the other Dutch banks cause those where 'to big to fail". They even helped foreign countries like Iceland, but not their own people. While people got big interest rates on the bank in Iceland and where bad for the Dutch economy, by sending money out of Holland. Even Dutch government organizatios where keeping their money in Iceland (that is peverted, the government weakening their own economy).

4000 people had more than 100.000 on the Dutch DSB bank, including Terror Jaap, famous cause he won 1 million in a Dutch reality TV show by terrorising everybody out of the game "The Golden Cage".

I guess the EU is afraid that the public opinion will be more and more against the EU if countries have to save other countries, but are not saving their own banks. And than the EU will collapse. But what will happen now with Spanish/Portugese/Italian banks? I would be carefull with those banks also. Holland was able to save the Dutch Banks with own money, Spain and Portugal doesn't have those amounts of money and the Dutch people aren't willing to pay for those banks also. And more and more people in the EU think that way.

And don't forget, Holland is a tax haven for a lot of international companies. When will we get punishged for that? People say Cyprus is a tax haven, but Holland does the same. The Rolling Stones and U2 are banking in Holland for years, not paying high taxes in their own lands (and Bono keeps playing the nice guy for poor countruies, avoiding tax himself).

[sperbonzo]

Originally Posted by HushMoney

You realize that the reason the WORLD WIDE economy collapsed was due to dropping certain regulations on banks right? Saying they should be less regulated is ridiculous. Nothing you say will make it logical.





.

As someone that works with banks worldwide on a daily basis, I disagree.

You've been sold this bill of goods by a virtual cartel of the biggest banks working with the government regulators, in order to gain the most powerful tool of control that there is..... control of the flow of wealth in the world. We will end up with government controlling every aspect of the flow of wealth in the world, through their partner banks.



.... I guess I shouldn't bother to point this stuff out, since it seems like they have enough people, like yourself, who are convinced of this, that the new controls will all pass with popular acclaim no matter what, and we will all end up with no place to escape government control of our actions.


Enjoy....




.


.

[HushMoney]

Originally Posted by sperbonzo

As someone that works with banks worldwide on a daily basis, I disagree.

You've been sold this bill of goods by a virtual cartel of the biggest banks working with the government regulators, in order to gain the most powerful tool of control that there is..... control of the flow of wealth in the world. We will end up with government controlling every aspect of the flow of wealth in the world, through their partner banks.



.... I guess I shouldn't bother to point this stuff out, since it seems like they have enough people, like yourself, who are convinced of this, that the new controls will all pass with popular acclaim no matter what, and we will all end up with no place to escape government control of our actions.


Enjoy....




.


.

So you are the person that will set us all straight? Ok, if deregulation didn't cause this mess, please explain to us what did. I'm always happy to learn new things.

[EddyTheDog]

There will be a lot of angry Russians today

Russians always seem angry to me. However, they do have a valid reason today....

[Supz]

Originally Posted by EddyTheDog

Russians always seem angry to me. However, they do have a valid reason today....

you're obviously just stereotyping......fag. Nobody has a good time like russians have a good time.

[BlackCrayon]

Originally Posted by HushMoney

So you are the person that will set us all straight? Ok, if deregulation didn't cause this mess, please explain to us what did. I'm always happy to learn new things.

I'd be curous to hear his take as well. wasn't part of the problem banks offering subprime mortgages and then being allowed to sell those mortgages on the market over and over again causing the pyramid to collapse when people were unable to pay for these mortgages after rates had been increased? in canada, where there are basically no subprime mortgages offered, this didn't happen.

[MaDalton]

Originally Posted by sperbonzo

.... I guess I shouldn't bother to point this stuff out, since it seems like they have enough people, like yourself, who are convinced of this, that the new controls will all pass with popular acclaim no matter what, and we will all end up with no place to escape government control of our actions.

.

i guess i shouldn't bother either since it's hard to expect from someone that works with banks and companies to create structures like the ones that now led to the fall of Cyprus banks to agree with my opinion

but i stand by what i said: the banking sector needs to be highly regulated and investment banks need to be separated from regular banks.

and no more bonuses of millions of dollars to people that make money on high risk investments that are not even personally responsible when they screw up.

[Sly]

Originally Posted by BlackCrayon

I'd be curous to hear his take as well. wasn't part of the problem banks offering subprime mortgages and then being allowed to sell those mortgages on the market over and over again causing the pyramid to collapse when people were unable to pay for these mortgages after rates had been increased? in canada, where there are basically no subprime mortgages offered, this didn't happen.

Yes, but, it is often said that it's the government that "encouraged" the banks to offer such mortgages because politicians wanted to make sure that every constituent could buy a home and vote for them again.

Circle jerk.

[AllAboutCams]

Originally Posted by EddyTheDog

Russians always seem angry to me. However, they do have a valid reason today....

I don't think they seem angry

[slapass]

Originally Posted by purecane73

These aren't banks going under and these banks don't offer insurance. You think Russia is gonna give its citizens an "IOU" for money that bankers stole???

Yes two banks went under. The insurance is a 100k euros. That is why this is the break point. The uk and the Netherlands didn't give iou's they ave cash.

[Vapid - BANNED FOR LIFE]

Bitcoins

[GAH]

This crass demand by Germany means it is likely the Greek, Spanish and Italian people will rush and withdraw everything from their banks, fearing the same will happen to them soon, then the euro really will collapse. A €10bn loan to Cyprus seems so little though compared to US's $16,764,635,374,827.84 national debt, rising $3.87 billion per day since the banking crisis. $16 trillion owed doesn't sound that bad if you say it quick – watch out Donald Trump, your wealth may one day decrease by 25% overnight.

[EddyTheDog]

Originally Posted by AllAboutCams

I don't think they seem angry

I have a Russian aunt and masses of cousins - They always sound angry...

I agree with Supz - They do know how to party - Even then they sound angry though - I didn't say they are angry, just to our western ears they often seem to be....

A lot of people from the Middle East always sound angry to me as well - If not angry, then very excited....

[slapass]

Originally Posted by Bjorn_Tasty1

The Netherlands didn't save money for alle the people. Remember the DSB bank. Everybody who had more money than 100.000 on that bank lost all their money. While the government saved all the other Dutch banks cause those where 'to big to fail". They even helped foreign countries like Iceland, but not their own people. While people got big interest rates on the bank in Iceland and where bad for the Dutch economy, by sending money out of Holland. Even Dutch government organizatios where keeping their money in Iceland (that is peverted, the government weakening their own economy).

4000 people had more than 100.000 on the Dutch DSB bank, including Terror Jaap, famous cause he won 1 million in a Dutch reality TV show by terrorising everybody out of the game "The Golden Cage".

I guess the EU is afraid that the public opinion will be more and more against the EU if countries have to save other countries, but are not saving their own banks. And than the EU will collapse. But what will happen now with Spanish/Portugese/Italian banks? I would be carefull with those banks also. Holland was able to save the Dutch Banks with own money, Spain and Portugal doesn't have those amounts of money and the Dutch people aren't willing to pay for those banks also. And more and more people in the EU think that way.

And don't forgetto , Holland is a tax haven for a lot of international companies. When will we get punishged for that? People say Cyprus is a tax haven, but Holland does the same. The Rolling Stones and U2 are banking in Holland for years, not paying high taxes in their own lands (and Bono keeps playing the nice guy for poor countruies, avoiding tax himself).

Netherlands just lost their lawsuit against Iceland as they were trying to recover the money they paid out to Netherlands citizens who had money in the Iceland banks that went under.

In the US we have FDIC and everyone is pretty clear on the limits. Then our govt agreed to protect all deposits. Dumb. So now we have huge debts as the banks all were idiots and we just accepted their bad loans etc. ideally the market place accepts the cost of investing in dumb ideas versus passing it on the citizens.

In Cyprus, it is all the same. The one bank was already nationalized and the largest bank was owned by a Russian. So taking the big money that was not theirs allowed the country to avoid a huge debt to keep going. Russians bailed them out.

[AllAboutCams]

Originally Posted by EddyTheDog

I have a Russian aunt and masses of cousins - They always sound angry...

I agree with Supz - They do know how to party - Even then they sound angry though - I didn't say they are angry, just to our western ears they often seem to be....

A lot of people from the Middle East always sound angry to me as well - If not angry, then very excited....

Year i know what you mean i feel the same about white south Africans.

[BFT3K]

Money is an illusion.

[Why]

Originally Posted by MaDalton

Cyprus shows what happens when you have not enough government influence on banks

same like the housing crash in 2008 and a few other examples.

when banks can do whatever they want, they fuck you up the ass with no lube and then pay themselves a bonus

i am surely no hardcore socialist but banks need to be highly regulated - worldwide

on the flip side, all those f-tards in the US that took loans they couldnt afford and are now bitching, should be slapped as well. most people i know that are upside down in their mortagage now, were trying to do a quick flip to make cash, because everyone else was. i dont think the banks should shoulder the entire blame here. the people should be held accountable for greed, as well as the banks for predatory lending.

[DWB]

Originally Posted by Dirty F

Piss off, moron.

See sig.

[Gozarian]

Logical fallacies are the common mode of debate around here, DWB.

[Tom_PM]

If only there had been no government then everything would be so great. Just like in all things. Why don't you pinko commie liberals get it?

Love,
An "Independent"


Just some good natured ribbing. Try not to kill me too dead.

[mineistaken]

Originally Posted by Supz

I guess when you are hiding money or avoiding taxes. These are the chances that you take.

Not only when avoiding taxes, if ANY bank bankrupts in EU all money over 100K Eur would be gone..

[mineistaken]

Originally Posted by beerptrol

Bank in your own country and quit trying to hide money in banks overseas or starting companies overseas to avoid taxes.

And banks in your "own" country are safe from bankruptcy and crisis and other situations? Which country would that be?