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View Diary: BREAKING NEWS: Parliament of Cyprus Rejects "Bailout," Bank "Haircut" (143 comments)

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  •  I get a warm, fuzzy feeling inside (2+ / 0-)
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    neo11, JesseCW

    When I read that statement of altruistic sentiment from the IMF. But, it could be that Legarde was just spouting some bullshit for the press. It's Cypriot banks that are failing. The IMF wants Cyprus to prop up the banks — to have Cyprus cover their losses.

    I say they're more concerned about Bundesbank's exposure to Cyprus bank bonds and derivatives that concerns them more than they are for the well-being of the little people citizens of Cypress.

    "Societies strain harder and harder to sustain the decadent opulence of the ruling class, even as it destroys the foundations of productivity and wealth." — Chris Hedges

    by Crider on Tue Mar 19, 2013 at 04:23:37 PM PDT

    [ Parent ]

    •  The IMF is a force for evil. (1+ / 0-)
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      neo11

      income gains to the top 1% from 2009 to 2011 were 121% of all income increases. How did that happen? Incomes to the bottom 99% fell by 0.4%

      by JesseCW on Tue Mar 19, 2013 at 06:24:13 PM PDT

      [ Parent ]

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