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Re: Cyprus..FDIC...FED and the BOE. 

By: faul in ALEA | Recommend this post (1)
Sat, 30 Mar 13 4:48 PM | 99 view(s)
Boardmark this board | The Trust Matrix 		Msg. 13083 of 54959
(This msg. is a reply to 13082 by joe-taylor)
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Hi J-T

Yep,i am a SCARE ARTIST!

There was an Aussie who retired to Cyprus with
$1 million and now has $100,000.He visited the
bank manager a month before the "haircut" and
wanted to pull his money out,the bank manager
convinced him NOTHING would happen,his money was
SAFE.

If he had listened to a Scare Artist such as
myself he would have $1,000,000 today...instead
he believed in the system and lost $900,000.

Pesky scare artists are to be feared J-T while
the system looks after you.....)

As for proof......you think any site you or i
have read has a copy of all the transactions
and can provide 100% Proof....If you want Proof
go buy a bottle of spirit!

10% haircuts over 100,000 euros and 6% haircuts
under 100,000 euros turned into One failed bank
with 100% haircuts over 100,000 and 60-80% haircuts
over 100,000 with the other banks.....and You don't
believe any Billionaire got to pull their money
out....

It's all just information.....you get to choose what you do with it....if you think the info
is scare tactics from a scare monger then ignore
it.....

but you are right i am a scare monger,i told
my family almost a year to date that there
would be Bank Holidays coming and depositors
would be getting hair cuts....how wrong i was
to scare people like that!!!!!


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The above is a reply to the following message:
Re: Cyprus..FDIC...FED and the BOE.
By: joe-taylor in ALEA
Sat, 30 Mar 13 4:00 PM 		Msg. 13082 of 54959

Faul,

We suppose that you thought no one would read your link to dispute what you have said.

First, we want proof from a reputable site that these big depositors got to pull their money from Cyprus. We have heard reports that this was not so!

Second:

There are two places in this joint document--34 and 47--where depositors are mentioned. They only reaffirm what the Federal Deposit Insurance Corporation (FDIC) has guaranteed for years and nothing more in the United States. We do not know what the policy similar to the FDIC is in England.

This docoment is fairly reassuring and simply points out that equity holders and creditors are going to take a haircut in the event of an insolvency, which everybody already knew. It also points out that uninsured depositors could take a write down, which has always been the case in the United States. It also has a part that states that insured depositors will be reassured that their insured deposits will be protected.

With all due respect to you, you seem to be a scare artist who does not know how to read financial documents very well! There is little in this link that we have not known about for years here in the United States! And it is conforting to know that plans are being made both here in the U.S. and in England to deal with any further finacial collapses.

Joe

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