In the USA, we just keep interest on ...

In the USA, we just keep interest on savings at 0.1% to penalize people

Posted in the Jackson-Heights Forum


Corona Del Mar, CA

#1 Mar 20, 2013
If that doesn't work, they we'll skim the accounts.
Cypriot banks racked up huge losses in the past several years by issuing loans to businesses in Greece that are now virtually worthless as that country grapples with the fourth year of a severe recession. The banks also took huge financial losses on large holdings of Greek government debt, which they bought when times were good in order to profit from attractive interest rates.

The bailout crisis has outraged average Cypriots, many of whom oppose the government’s skimming their accounts to pay for the banks’ mistakes.

Merrick, NY

#2 Mar 20, 2013
Read G. Edward Griffin's 'The Creature From Jekyll Island' and you'll understand why and how what's happening in Cyprus is coming to YOUR local bank.

It's all about "too big to fail."

The big banks know that they are TBTF, and act as if. Specifically, they know that us tax payers will bail them out if anything goes wrong.

Hence, they have incentive to take unsustainable risks in the hopes of making profit... until it blows up... because when it inevitably blows up, they know that we taxpayers will get the clean-up bill... not them.

No, thanks to our corrupt Democrats & Republicans, the heads of the failed banks will get huge bonuses and us citizens will pay for it all...

Why? Because you partisan idiots will blame the "other party" even though they are both in on the scam.

Pretty good gig, huh? And it will continue as long as you sheep continue to pledge allegiance to party instead of country.

Wake up!!

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Jackson-Heights Discussions

Title Updated Last By Comments
News Thousands Protest Roe V. Wade Decision (Jan '08) 10 min June VanDerMark 334,135
President Trump's first 100 days - Roadmap to D... (Nov '16) 15 min Bloody Bill Anderson 7,045
Drop a Word, Add a Word (Jan '10) 20 min So_da_lish_us 18,385
Add a word, Drop a word (Dec '09) 22 min So_da_lish_us 19,528
Word Association (Jul '10) 25 min So_da_lish_us 7,770
Hang ALL THE JESUITS Save The Children and Elderly 27 min plottmasteram 10
Rothschilds making it snow again! 30 min Savior 1

Jackson-Heights Jobs

Personal Finance

Jackson-Heights Mortgages