Wednesday, 16 October 2013

What Rhymes With Cyprus?...................from Rico

Chase, one of the TBTF (too big to fail) and TBTP (too big to prosecute) banks is reportedly sending letters out to its customers.

Limiting cash withdrawals from accounts?

Halting international transfers?

When Cyprus did something like this, it was called a "bail-in" aka the theft of depositors funds to save the bank from its mistakes.

Is this a 'signal' that America is about to rhyme with Cyprus?


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