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It's an entire crony bankster program. Those who lent money to Cyprus’s banks by buying their debt rather than by depositing money at the banks, will suffer no
by sausman 14y ago
It's an entire crony bankster program. Those who lent money to Cyprus’s banks by buying their debt rather than by depositing money at the banks, will suffer no losses at all. Those who lent money to the insolvent Cypriot government, will be paid off at 100 cents on the euro. In other words, the banksters are protected. Only depositors with banks will suffer losses in this International Monetary Fund engineered plan. It's as blatant example of who the IMF really works for.
http://www.economicpolicyjournal.com/2013/03/what-to-keep-in-mind-about-tax-on.html http://www.economicpolicyjournal.com/2013/03/what-to-keep-in...