Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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Nov 28 4:00 PM EST

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To: Vendit™ who wrote (47325)	3/18/2013 9:08:59 AM
From: Seismo	Read Replies (2) of 219485

The biggest aspect of this for me is that it is not the Cyprus bank bondholders that are taking a haircut but the bank depositors. So, insured bank deposits are now effectively subordinate to uninsured European bank debt. Didn't WE already do this by bailing out bank investors with public money? Money the taxpayers will be on the hook for.

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