View Single Post
      03-23-2013, 07:43 PM   #35
Enlisted Member

Drives: 2013 E93 M3 DCT SSII
Join Date: Oct 2012
Location: San Francisco

iTrader: (0)

Garage List
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