WHAT?! No run on the Cyprus banks thread yet?

[Tyler Durden]

supposedly, the Cyprus banks aren't going to open until Thursday now.   

[fightingquaker13]

I wonder when their ammo shops and lumber yards open?

[Tyler Durden]

Now, New Zealand is thinking about doing the same thing:

http://beforeitsnews.com/banksters/2013/03/contagion-depositor-haircut-bail-ins-spread-to-new-zealand-govt-discussing-cyprus-style-solution-for-bank-failure-2432772.html

[jnevis]

Just heard over the radio that these banks were in the hole 17 Billion because they invested the customers money in...

Wait for it.....


Greece!   

Brilliant move there. 

Only because the government (EU) told them they had to.

[JoeG]

Discussing this over dinner last night and I made the point that the government did not do the obvious thing and just tax the foreign accounts as they belong to the Russian mafia. From watching Good Fellas we all know that the mafia response to having their money taken would be swift and direct and violent. I think the pols and the bankers were scared spitless about how that would play out for them.
 

[Sponsor]

[Tyler Durden]

now they are saying the banks may not re-open:

http://worldnews.nbcnews.com/_news/2013/03/20/17384301-cyprus-crisis-deepens-bailout-rejected-banks-may-not-reopen?lite

[Solus]

Not at all surprised.

If the banks open, very few will not be wise enough to try and get their cash out in the first few minutes of the re-opening.

How will they ever convince folks to trust the banking system again? 

Every bank in the country will collapse if they are ever re-opened.

And it won't be limited to just Cyprus.

How many other countries will have citizens wondering when it will be too late to get their money out before it is confiscated.

Just the knowledge of this proposed action could cause a world wide banking collapse.