Leftists, worldwide, have brazenly revealed that they intend to "solve" the loomimg soveriegn debt crisis by confiscating citizens' private property and nobody seems to care.

DJIA Futures: UP in pre-market trading.

Apparently, the stock market has also concluded that as long as we stay focused on karl Rove, Mitch McConnell and George P. Bush, the real threats to life as we know it, we'll be fine.

Quote: Cedric wrote in post #2

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Leftists, worldwide, have brazenly revealed that they intend to "solve" the loomimg soveriegn debt crisis by confiscating citizens' private property and nobody seems to care.

DJIA Futures: UP in pre-market trading.

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Yeah, Justme, I don't mean to be an alarmist, but to me it's inescapable that, eventually, the leftists are comin' after our 401K/IRA's.

Quote: Thunderbird wrote in post #5

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When depositors money is used to prop up a failing bank it's called a bail-in not a bail-out.

Let's see what happens when Bank of Cyprus opens its doors tomorrow...

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Quote: Thunderbird wrote in post #7

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Quote: Cedric wrote in post #6

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The ideal, long term, would be if the depositors voted with their passbooks and withdraw every last dollar from Bank Of Cyprus.

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That would be the rational response, but I have a feeling there will be 'capital controls' in place to prevent a run on the bank when it does finally reopen.

The real question is whether depositors in Portugal, Italy, Ireland, Greece, and Spain will remain calm in the face of this threat.

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