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View Diary: BREAKING NEWS: Parliament of Cyprus Rejects "Bailout," Bank "Haircut" (143 comments)

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  •  They need to default (7+ / 0-)

    It will be better in the long run. And even though they're not going to raid people's accounts, I bet there will still be a run on the banks come Wednesday.

    A big F U to the IMF and their member banks.

    "Societies strain harder and harder to sustain the decadent opulence of the ruling class, even as it destroys the foundations of productivity and wealth." — Chris Hedges

    by Crider on Tue Mar 19, 2013 at 03:51:51 PM PDT

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    •  Question is, will the runs spread to others? (1+ / 0-)
      Recommended by:
      Kombema

      Even Democrats can be asses. Look at Rahm Emanuel.

      by Helpless on Tue Mar 19, 2013 at 05:26:06 PM PDT

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      •  Yeah, this one could be rapidly developing, as (1+ / 0-)
        Recommended by:
        neo11

        they say. The PIGS countries are already on fragile ground, and this could pull the rug out from under the whole Euro system. Germany had better not underestimate the impact this could have on them, either.

        "Government by organized money is just as dangerous as Government by organized mob." -- Franklin D. Roosevelt

        by Kombema on Tue Mar 19, 2013 at 10:07:17 PM PDT

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    •  They should probably take (2+ / 0-)
      Recommended by:
      neo11, Kombema

      their money out, because I'm sure the bankers will figure out some kind of austerity and they will need their money.  The bankers will figure out some way to hurt the people. . . they will take their pensions, take away funds for schools, take funds for roads and bridges, and I they will take away your money for food.  Nice bankers we have, but honestly these guys are playing with fire, I wouldn't want their karma.  The bankers may think their getting away with whatever their hearts desire, and laughing all the way back to the bank in the Cayman Islands, but I wouldn't want their karma.  It will catch up them.

      I would love to see the bankers stopped, it would prevent a lot of damage.  

      "During times of universal deceit, telling the truth becomes a revolution­ary act. " George Orwell

      by zaka1 on Tue Mar 19, 2013 at 06:59:46 PM PDT

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