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Roundup of news stories at http://www.linkfest.com http://www.linkfest.com (project of mine - sort of crude proto-HN for finance) Tough choice... banks are bu
by RockyMcNuts 14y ago
Roundup of news stories at http://www.linkfest.com http://www.linkfest.com
(project of mine - sort of crude proto-HN for finance)
Tough choice... banks are busted, so do you make depositors whole and bail out Russian mobsters with German taxpayers' money? (Cyprus is a big offshore money laundering center, much of the deposits are from offshore)... or create a precedent where money in EU banks is not safe, raising the specter of bank runs?
Bank runs it is... distinct possibility Cyprus could be the Reserve Primary Fund of the EU crisis.
(When Lehman failed and that big money market mutual fund broke the buck, everybody started withdrawing money from money markets, and the US had to guarantee all MMMF and bank deposits.)
(going to further speculate...Germany and the EZ said we will only pony up X, depositors have to take some of the hit... no one in these banks or the Cyprus government was eager to be the point person advocating the mobsters taking a bigger hit by exempting locals or small depositors...so the small local depositors got sucked in.)
- rescripting 14y agoOff topic and unsolicited request: Can you make the font size of the article titles larger than the surrounding text? I'm getting a 'wall of text' feel from the design that is making it hard for me to delineate where one news item begins and ends.
- RockyMcNuts 14y agoThanks, will add it to the list! definitely looking for feedback, feel free to ping me offline via the contact form, or linkfest (at) linkfest.com ! ( also hackers who might want to work on this sort of thing )
- kokey 14y agoLove the idea and the site. Comments would have been nice but I understand that's not a small task to code and run.
- RockyMcNuts 14y agothanks! wanted to get it out there and see if it worked. On a day like today it's pretty useful. looked at adopting/forking the reddit codebase, seemed a little hard to skin/customize and wanted to see what I could do as an MVP. Thinking about how to do v2.0. Any ideas about ways for investors to share/crowdsource news and analysis, discover great content and creators and get them to rise to the top, disrupt low-quality investing message boards, would love to hear them!