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Tag: Cyprus


A Crisis Worse Than Islamic State? Bank ‘Bail-Ins’ Begin

While the mainstream media focus on Islamic State extremists, a threat that has gone virtually unreported is that your life savings could be wiped out in a massive derivatives collapse. Bank bail-ins have begun in Europe, and the infrastructure is in place in the United States.

Posted on Dec 29, 2015 READ MORE


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AP/Alexander Zemlianichenko

Why Putin Let Russia’s Richies Take a Bath

The collapse of the Cypriot banking system reveals much about the complex relationship among ordinary Russians, “offshore oligarchs” and a political system that depends on both.

Posted on May 14, 2013 READ MORE



peasap (CC BY 2.0)

Bail-Out Is Out, Bail-In Is In

The new rules for keeping the too-big-to-fail banks alive allow for the use of creditor funds, including uninsured deposits, to recapitalize failing banks. In the event of another crisis, access to your money would depend on the security of the FDIC. The question, then, is how reliable is the FDIC?

Posted on Apr 30, 2013 READ MORE


Cyprus









Posted on Apr 22, 2013 ENLARGE


No Money









Posted on Apr 14, 2013 ENLARGE



mahalie (CC BY-SA 2.0)

Winner Takes All: The Super Priority Status of Derivatives

With taxpayer bailouts no longer an option, a major derivatives crisis could transfer money currently held by state and local governments and citizens—secured and unsecured, insured and uninsured—into the hands of derivative claimants.

Posted on Apr 10, 2013 READ MORE


Cyprus Deal









Posted on Apr 7, 2013 ENLARGE


EU Debt Crisis









Posted on Apr 1, 2013 ENLARGE


Cyprus Banks









Posted on Mar 30, 2013 ENLARGE


Cypriot Euro









Posted on Mar 29, 2013 ENLARGE



eflon (CC BY 2.0)

The Confiscation Scheme Planned for U.S. and U.K. Depositors

Confiscating customer deposits in Cyprus banks was not a one-off, desperate idea of a few eurozone “troika” officials scrambling to salvage their balance sheets. A joint paper by the U.S. Federal Deposit Insurance Corporation and the Bank of England, dated Dec. 10, 2012, shows these plans have been long in the making.

Posted on Mar 28, 2013 READ MORE


Saturn Eating Cyprus









Posted on Mar 24, 2013 ENLARGE


Cyprus Bailout









Posted on Mar 22, 2013 ENLARGE



loop_oh (CC BY-ND 2.0)

A Safe and a Shotgun or Publicly Owned Banks? The Battle of Cyprus

For now, the government of Cyprus has overwhelmingly rejected a proposed levy on bank deposits as a condition for a European bailout. But if technocrat bankers can push through their confiscation scheme, precedent will be established for doing it elsewhere when bank bailouts become prohibitive for governments.

Posted on Mar 22, 2013 READ MORE


Sinking Cyprus









Posted on Mar 21, 2013 ENLARGE


Cyprus Savings









Posted on Mar 19, 2013 ENLARGE


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