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View Diary: Cyprus: Trial Balloon of the Plutocracy (47 comments)

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  •  forewarned is forearmed (2+ / 0-)
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    LaFeminista, cynndara

    I understand that there was a plutocratic run on the banks as they got the "high sign" that the tax was coming and so pulled out all their money, leaving Joe Schmoe and Schmuck standing squarely in the path of the tax

    As you pointed out bank failure would have protected the little guy but with the big guys pulling out their money, it appears the one time tax will not be sufficient

    •  The upper echelons are leak information (2+ / 0-)
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      entlord, mint julep

      to each other all the time, that information is worth more than its weight in gold.

      "Another world is not only possible, she is on her way. On a quiet day, I can hear her breathing." Arundhati Roy

      by LaFeminista on Tue Mar 19, 2013 at 02:24:49 AM PDT

      [ Parent ]

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