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      03-23-2013, 06:43 PM   #35
mmcnulty
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Quote:
Originally Posted by panicos81 View Post
maybe he can pull a Cyprus on you!!

10% cut on all bank deposits above $200000!!!
The idea that banks can gamble with depositors' money on greek debt, lose, and then the EU can take some of that money to bail them out is absurd, and I doubt there is anyone here who would disagree on either side of the spectrum.

The solution to this is to avoid preventing this circumstance in the first place. The solution is to cap the amount banks are allowed to be leveraged. Tell them they can't gamble with so much of our money.

This is not a right or a left issue. It is a fairness issue.

Edited to make more clear