The Cyprus stuff is entertaining. Cyprus makes frantic effort to prevent run on its banks ( http://www.guardian.co.uk/world/2013/mar/21/cyprus-prevent-run-banks-crisis )
Cyprus is embarking on emergency efforts to restructure its second largest bank and considering new rules to stop money flooding out of the country's banks when they reopen next week after being shut for ten days. As eurozone finance ministers held an unscheduled conference call at which they agreed to discuss a "plan B" for Cyprus, the Nicosia government submitted a bill to its parliament that could allow its finance minister or central bank governor to impose capital controls in cases of "public order or security". Gee. The EU says we are going to give the Cypriots a 10% haircut, the government stops transfers, and then closes banks for ten days. Now, they are nervous that the citizens are going to take their money out the bank and maybe even send it to another country. They are so afraid that the government of Cypress submits a bill to allow even more control of the citizens' money. The inmates truly are running the asylum. Meanwhile, back in the US, the fed pump continues unabated . . . J - Ninety percent of politicians give the other ten percent a bad reputation. - Henry Kissinger Politicians are people who, when they see light at the end of the tunnel, go out and buy some more tunnel. - John Quinton ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:362006 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
