My bank account's got robbed by European Commission. Over 700k is lost. - page 13.

johnyj

legendary

Activity: 1988

Merit: 1012

Beyond Imagination

Quote from: vapourminer on August 01, 2015, 10:52:02 PM

in the USA there is a 250K USD cap (insured by our ever trustworthy government) on the insured money in the bank. and guess what money in banks with a different bank (by name) may be under the same cap. ie 250k USD in what may be at 1st glance in different banks are under the same 250k policy. as they are owned by the same entity.

so depending on what you have where you might 50%, more or less.. the math is left as an exercise for the student.

someone please correct me if Im wrong.

https://www.fdic.gov/edie/fdic_info_calculator.html?height=400

The insurance is more of psychological support than real support, I remember that some statistics showing that the insurance only covers 1% of all the deposit in banks. Rich guys usually do not put money in banks because those big money are not covered by the insurance

bojan92

full member

Activity: 168

Merit: 100

How in the earth can someone take over 70 % of your money in order to pay the dept. I think that you have to be willing to help. I have no words. Sorry for your lose. Hope they will refund you.

vapourminer

legendary

Activity: 4354

Merit: 3614

what is this "brake pedal" you speak of?

in the USA there is a 250K USD cap (insured by our ever trustworthy government) on the insured money in the bank. and guess what money in banks with a different bank (by name) may be under the same cap. ie 250k USD in what may be at 1st glance in different banks are under the same 250k policy. as they are owned by the same entity.

so depending on what you have where you might 50%, more or less.. the math is left as an exercise for the student.

someone please correct me if Im wrong.

https://www.fdic.gov/edie/fdic_info_calculator.html?height=400

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

Quote from: SolarSilver on July 31, 2015, 04:12:02 PM

Quote from: bitnanigans on July 31, 2015, 03:12:18 PM

Wow, this is crazy. Will this sort of thing also happen in Greece?
And it's scary that this is expected to be the same sort of restructuring that will affect EU banks. Is it safe to keep more than 100K EUR in any European banks at this point?

The EUR 100k limit is a temporary raise from EUR 20k and some countries have started lowering the limit back to EUR 20k

I think it is safe to assume that most of the money in most EU bank accounts does not really exist. AFAIK the last BIS Basel III 'accords' was for less than 8% Tier 1 capital backing. I.e. if more than 8% of the money in EU banks was to be withdrawn by the banks' customers they would be insolvent.

SolarSilver

legendary

Activity: 1112

Merit: 1000

Quote from: bitnanigans on July 31, 2015, 03:12:18 PM

Wow, this is crazy. Will this sort of thing also happen in Greece?
And it's scary that this is expected to be the same sort of restructuring that will affect EU banks. Is it safe to keep more than 100K EUR in any European banks at this point?

The EUR 100k limit is a temporary raise from EUR 20k and some countries have started lowering the limit back to EUR 20k

bitnanigans

sr. member

Activity: 266

Merit: 250

Wow, this is crazy. Will this sort of thing also happen in Greece?
And it's scary that this is expected to be the same sort of restructuring that will affect EU banks. Is it safe to keep more than 100K EUR in any European banks at this point?

Mickeyb

hero member

Activity: 798

Merit: 1000

Move On !!!!!!

Quote from: HarHarHar9965 on July 31, 2015, 05:55:30 AM

Quote from: Mickeyb on July 31, 2015, 05:10:49 AM

Damn man, this sucks! I just ran into this thread. I sure hope you managed to recover and that you have recovered your business. This should be bumped daily and thread like this should be findable easily all accross the web, just so everyone can see what bastards are governments and banks!

yeah man that's how things go down. The media never really covers news which matters to the people, such posts no matter how much highlighted, never make it to the mainstream media because it does not involve anything except people losing money. If there was any politician involved, they would be all over the place and over hype this situation. The problem with news is that, its most often not really news.

Well if they would show this news they would actually be showing their shame and disgrace. This is probably why they are keeping their mouth shut!

HarHarHar9965

hero member

Activity: 994

Merit: 1000

Quote from: Mickeyb on July 31, 2015, 05:10:49 AM

Damn man, this sucks! I just ran into this thread. I sure hope you managed to recover and that you have recovered your business. This should be bumped daily and thread like this should be findable easily all accross the web, just so everyone can see what bastards are governments and banks!

yeah man that's how things go down. The media never really covers news which matters to the people, such posts no matter how much highlighted, never make it to the mainstream media because it does not involve anything except people losing money. If there was any politician involved, they would be all over the place and over hype this situation. The problem with news is that, its most often not really news.

Mickeyb

hero member

Activity: 798

Merit: 1000

Move On !!!!!!

Damn man, this sucks! I just ran into this thread. I sure hope you managed to recover and that you have recovered your business. This should be bumped daily and thread like this should be findable easily all accross the web, just so everyone can see what bastards are governments and banks!

Blawpaw

legendary

Activity: 1596

Merit: 1027

Damn... and they talk about Bitcoin being a ponzi or a scam...
Banks are the worst bloodsuckers there is, and that's why Bitcoin is important and a real menace to them.
with bitcoin you can be your own Bank. You don't need to pay large fees to banks with Bitcoin...
So, now Banks are trying to give attention to the Blockchain in order to use the technology for their own profit.
The problem is that within this process Banks will try to kill Bitcoin...

Get-Paid.com

sr. member

Activity: 1878

Merit: 389

Quote from: rayhan on July 09, 2015, 10:49:08 AM

I'm really sorry to hear about your loss. 700k is not a small amount. Maybe you should've withdrawn the amount when your gut feeling went the other way. After hearing about this , i feel sorry for people who have invested their money in The Bank of Cyprus or Laiki Bank. I've also heard that it's a 100% loss for people with more than 100k in it.

It was a 100% loss for any amount ABOVE the 100k EUR.
So for this guy he had $850k USD in the account in total.
He was remained with 100k EUR which was approximately back then 128k USD.

The rest of the money was gone.
128k out of 850k is 15% - so he lost 85% of his total balance.

For someone else with a couple of million euros it could have been a 95% loss and for someone with money slightly above 100k EUR it could have been a minor loss.

rayhan

sr. member

Activity: 378

Merit: 250

be your self

I'm really sorry to hear about your loss. 700k is not a small amount. Maybe you should've withdrawn the amount when your gut feeling went the other way. After hearing about this , i feel sorry for people who have invested their money in The Bank of Cyprus or Laiki Bank. I've also heard that it's a 100% loss for people with more than 100k in it.

Mehek

full member

Activity: 154

Merit: 100

Get-Paid.com

sr. member

Activity: 1878

Merit: 389

Quote from: molecular on July 06, 2015, 11:38:11 AM

Quote from: Wexlike on July 05, 2015, 07:17:54 AM

He got his money back.

He got it back? Where does he say that?

No where, because he never got it back.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: Wexlike on July 05, 2015, 07:17:54 AM

He got his money back.

He got it back? Where does he say that?

molecular

donator

Activity: 2772

Merit: 1019

Quote from: Miracal on July 05, 2015, 07:04:18 AM

wow, destroying businesses of potentially great entrepreneurs is the worst thing Greece could do, I sympathized to the country government but not anymore, I just think they are fucking stupid kids with power, making their citizens suffer for the damage they have done. If you can't run a country, why do you want to doom it so bad?

Your pointing finger at the wrong guys. The government isn't the entity screwing the people and the country: it's the bankers. The government is just a tool. They even put bankers there in 2011.

Here's an excellent short article that will open your eyes: http://www.cryptonews.biz/greece-the-one-biggest-lie-you-are-being-told-by-the-media/

freedomno1

legendary

Activity: 1834

Merit: 1094

Learning the troll avoidance button :)

Quote from: marcus_of_augustus on July 05, 2015, 06:02:17 PM

Quote

He got his money back.

This is a lie, he hardly got shit back. People and many small businesses in Greece are now in exactly same situation.

The money doesn't exist, it never did. It's a big fiction made up in the databases of untrustworthy central banks. People want to believe the fiction of fiat make-believe money right up until the last 'disappearing act' ... this show is like all good magicians and illusionists, the object was never there to begin with, you just need to convince the audience that it is. There is no money, it's just a bunch of debts and promises stacked on top of each other to the sky. When enough people wake up and demand to see the real money, there is none.

It is not if, it is when. Illusions cannot last forever.

Italy is next.

Indeed it is, the last time this happened Zeroday got pwned hard but Bitcoin saved his butt or at least minimized some damage for him and his employees.
That said it goes to show how one can not rely on a banking system to protect a persons assets it is after all at the end of the day numbers on a screen that can be taken away at the whim of the banks in dire times.

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

Quote

He got his money back.

This is a lie, he hardly got shit back. People and many small businesses in Greece are now in exactly same situation.

The money doesn't exist, it never did. It's a big fiction made up in the databases of untrustworthy central banks. People want to believe the fiction of fiat make-believe money right up until the last 'disappearing act' ... this show is like all good magicians and illusionists, the object was never there to begin with, you just need to convince the audience that it is. There is no money, it's just a bunch of debts and promises stacked on top of each other to the sky. When enough people wake up and demand to see the real money, there is none.

It is not if, it is when. Illusions cannot last forever.

Italy is next.

CarlesPuyol

legendary

Activity: 1148

Merit: 1000

Quote from: Wexlike on July 05, 2015, 07:17:54 AM

Quote from: HarHarHar9965 on July 05, 2015, 06:23:35 AM

Man, I am genuinely angry about this, 700K IS A HELL LOT OF MONEY. This is something huge, something which has affected your business so much that people are being fired. Oh god, and the sad thing is that you cannot do anything about it as bank is backed up by the government and all these courts are in the government. How fucking sad is this, our own government betrays us and fucks us over. FUCKING BANK CUNTS.

Ehm ? You should read the full thread not just the headline. He got his money back. Nevertheless, that happens when a country starts to "haircut" their own citizen. But on the other hand, Greece had enough time to bankrun, and they did a pretty good job.

Whoever still has money in a greek bank account, i hope he will learn from his mistakes. As if the signals were not clear enough.

Its kinda hard to read 60 pages Undecided

Very good to hear about the money back.
But anyway, how can it happen in our modern world? Huh

qiwoman2

legendary

Activity: 2114

Merit: 1023

Oikos.cash | Decentralized Finance on Tron

Topic: My bank account's got robbed by European Commission. Over 700k is lost. - page 13. (Read 408499 times)