Lxxx Posted March 29, 2013 Share Posted March 29, 2013 Looks like they've already thought about the possibility of repeating the Cyprus model in the UK..... http://www.globalresearch.ca/it-can-happen-here-the-bank-confiscation-scheme-for-us-and-uk-depositors/5328954 Link to comment Share on other sites More sharing options...
localyokel Posted March 31, 2013 Share Posted March 31, 2013 The gross unfairness of all of this gets even more grossly unfair as I see the BBC is reporting that some will be hit for up to 60%. The bit that gets me though is that if you hold your mortgage with the same bank will they be reducing your debt at the same time they are stealing your cash? Will they f**k! So last week you had a €100,000 mortgage and €100,000 in savings. This week you have a €100,000 mortgage and €40,000 in savings, and its entirely legal to steal 60% of your cash in the bank but leave you with 100% of your debt to the bank. If it happened to me the fire brigade would be at my bank and parliament within 24 hours of it happening. Its so completely grossly unfair that I don't even know where to start. Link to comment Share on other sites More sharing options...
GD4ELI Posted March 31, 2013 Share Posted March 31, 2013 The gross unfairness of all of this gets even more grossly unfair as I see the BBC is reporting that some will be hit for up to 60%. The bit that gets me though is that if you hold your mortgage with the same bank will they be reducing your debt at the same time they are stealing your cash? Will they f**k! So last week you had a €100,000 mortgage and €100,000 in savings. This week you have a €100,000 mortgage and €40,000 in savings, and its entirely legal to steal 60% of your cash in the bank but leave you with 100% of your debt to the bank. If it happened to me the fire brigade would be at my bank and parliament within 24 hours of it happening. Its so completely grossly unfair that I don't even know where to start. Wrong, you still have 100k in savings. And before talking cobblers you should see how this 60% is actually deductaed, what is received in return etc. All the correct information is easily found on the web. Link to comment Share on other sites More sharing options...
localyokel Posted March 31, 2013 Share Posted March 31, 2013 No you don't, you have €40,000 in savings and €60,000 of equity in a duff Cypriot bank that you might not see again, plus the same mortgage that you had before. As for talking cobblers, you're the expert on that. Link to comment Share on other sites More sharing options...
GD4ELI Posted March 31, 2013 Share Posted March 31, 2013 No you don't, you have €40,000 in savings and €60,000 of equity in a duff Cypriot bank that you might not see again, plus the same mortgage that you had before. As for talking cobblers, you're the expert on that. Wrong! The first 100k euro is protected. Link to comment Share on other sites More sharing options...
2thumbs Posted March 31, 2013 Share Posted March 31, 2013 confused.com Link to comment Share on other sites More sharing options...
localyokel Posted March 31, 2013 Share Posted March 31, 2013 No you don't, you have €40,000 in savings and €60,000 of equity in a duff Cypriot bank that you might not see again, plus the same mortgage that you had before. As for talking cobblers, you're the expert on that. Wrong! The first 100k euro is protected. Maybe you should inform the world press as they seem to be reporting it wrong then. All you have to be is a few quid over the 100,000 to get dragged in. I was using 100,000 purely as an example as its divisible easily. http://www.dailymail...YTHING-85k.html That or your talking out of your Smug Swiss "the Isle of Man isn't good enough for me anymore" arse as usual. Link to comment Share on other sites More sharing options...
GD4ELI Posted March 31, 2013 Share Posted March 31, 2013 No you don't, you have €40,000 in savings and €60,000 of equity in a duff Cypriot bank that you might not see again, plus the same mortgage that you had before. As for talking cobblers, you're the expert on that. Wrong! The first 100k euro is protected. Maybe you should inform the world press as they seem to be reporting it wrong then: http://www.dailymail...YTHING-85k.html That or your talking out of your Smug Swiss "the Isle of Man isn't good enough for me anymore" arse as usual. OMG you're thick - or you can't read? The Daily Mail article reinforces what I wrote - it's on deposits *over* €100k, the first €100k is safe, the %age loss is on the balance minus €100k. > Shakes head at wackko peasant. Link to comment Share on other sites More sharing options...
2thumbs Posted March 31, 2013 Share Posted March 31, 2013 Whilst i may be ignorant when it comes to all things financial. And im still unclear as to the legalities as far as it happening here. I cant help but think the eurozone as just shot itself in the foot. Nobody with wealth to invest is going to dip their toe in european waters for fear of it being syphond away by a lazy unimaginative underperforming government dependant on deposits rather than industry and devoid of any natural resources............................fuck! Am i glad i'm poor i was worried there for a nanosecond. Link to comment Share on other sites More sharing options...
localyokel Posted March 31, 2013 Share Posted March 31, 2013 Fuck you you smug Swiss arsehole. Link to comment Share on other sites More sharing options...
GD4ELI Posted March 31, 2013 Share Posted March 31, 2013 Fuck you you smug Swiss arsehole. In war, resolution; in defeat, defiance; in victory, magnanimity Winston Churchill Link to comment Share on other sites More sharing options...
Lxxx Posted March 31, 2013 Share Posted March 31, 2013 Whilst i may be ignorant when it comes to all things financial. And im still unclear as to the legalities as far as it happening here. I cant help but think the eurozone as just shot itself in the foot. Nobody with wealth to invest is going to dip their toe in european waters for fear of it being syphond away by a lazy unimaginative underperforming government dependant on deposits rather than industry and devoid of any natural resources............................fuck! Am i glad i'm poor i was worried there for a nanosecond. Don't think this confiscation will just be confined to the eurozone. Link to comment Share on other sites More sharing options...
2thumbs Posted March 31, 2013 Share Posted March 31, 2013 Biscuit tins under the mattress time then. Gold and bartering here we come. Link to comment Share on other sites More sharing options...
GD4ELI Posted March 31, 2013 Share Posted March 31, 2013 Don't think this confiscation will just be confined to the eurozone. In the past currencies have been wiped out, so keeping 100k isn't that bad. Argentina looks like it's defaulted on loan repayments, holders there will be a 'tad' worried. Link to comment Share on other sites More sharing options...
Fichdich Posted March 31, 2013 Share Posted March 31, 2013 Fuck you you smug Swiss arsehole. Steady on!!!!! I'm Swiss (Canton St. Gallen).....stop having a go at our bottoms Link to comment Share on other sites More sharing options...
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