The quest to make the Great Cyprus Bank Heist more “progressive” appears to have found its unappealing Holy Grail, as word comes this morning of a new asset seizure deal that will keep the little people from suffering any losses… by soaking the ever-loving hell out of large depositors. Under European Union banking laws, the … Continue reading Cyprus bank deal wipes out some large depositors, will confiscate up to 40% from others

A new bailout deal would lead to huge losses for uninsured depositors.