Cyprus Depositors Will Lose 62.5% Of Savings


#1

**Big depositors in Cyprus to lose far more than feared
**
(Reuters) – Big depositors in Cyprus’s largest bank stand to lose far more than initially feared under a European Union rescue package to save the island from bankruptcy, a source with direct knowledge of the terms said on Friday.

Under conditions expected to be announced on Saturday, depositors in Bank of Cyprus will get shares in the bank worth 37.5 percent of their deposits over 100,000 euros, the source told Reuters, while the rest of their deposits may never be paid back

[Cyprus Depositors Will Lose 62.5% Of Savings | Sweetness & Light](http://sweetness-light.com/archive/cyprus-depositors-will-lose-62-5-of-savings#.UVqjtJOThFs<br /><br />C)
Can’t you see the Obama administration licking their chops at trying to do the same here?


#2

Anyone think it can’t happen here?


#3

It did happen back in the 80’s with the Savings and Loan scandal, although not on a national level as with the Cyprus largest bank.


#4

46% Think Feds Might Try To Tax Bank Accounts Like Cyprus

Americans don’t believe the federal government has the constitutional authority to tax bank deposits as they did in Cyprus, but a plurality worries they might try it anyhow.

A new Rasmussen Reports national telephone survey finds that 46% of American Adults think it’s at least somewhat likely that the U.S. government might try to tax money in individual bank accounts. Nearly as many (41%), however, view this as unlikely to occur Thirteen percent (13%) are not sure. (To see survey question wording, click here.)

46% Think Feds Might Try To Tax Bank Accounts Like Cyprus - Rasmussen Reports™