Whatever you call this BS in the EU, it sure as shit ain't capitalism.
Actually the bankers and politicians who are most benefiting from the situation are excercising capitalism in it's purest form.
Free, voluntary trade? No, that doesn't match up.
Topic: My bank account's got robbed by European Commission. Over 700k is lost. - page 60. (Read 408494 times)
April 01, 2013, 12:04:55 PM
Actually the bankers and politicians who are most benefiting from the situation are excercising capitalism in it's purest form.
Free, voluntary trade? No, that doesn't match up.
April 01, 2013, 12:03:30 PM
They took 700K from my account, killing my business, to repay their debts and fulfill insurance liabilities! I can't believe it is happening in Europe! It's more likely North Korean scenario!
There is a joke going around in Greece these days. It goes: thank god communism didn't come to take our money, capitalism did!!!
Whatever you call this BS in the EU, it sure as shit ain't capitalism.
Socialism gone wild.
April 01, 2013, 11:58:59 AM
I'm sorry to hear about the OP but I agree with some of the other posts in this thread: Blame Cyprus, not the EU.
Cyprus is EU. European Commission forced it to follow their "recommendations" to rob depositors.
April 01, 2013, 11:56:15 AM
Just read majority of this thread. This is unreal. Im sorry for your loss
April 01, 2013, 11:52:18 AM
Whatever you call this BS in the EU, it sure as shit ain't capitalism.
Actually the bankers and politicians who are most benefiting from the situation are excercising capitalism in it's purest form.
I'm sorry to hear about the OP but I agree with some of the other posts in this thread: Blame Cyprus, not the EU.
April 01, 2013, 11:46:41 AM
They took 700K from my account, killing my business, to repay their debts and fulfill insurance liabilities! I can't believe it is happening in Europe! It's more likely North Korean scenario!
There is a joke going around in Greece these days. It goes: thank god communism didn't come to take our money, capitalism did!!!
Whatever you call this BS in the EU, it sure as shit ain't capitalism.
April 01, 2013, 11:43:19 AM
They took 700K from my account, killing my business, to repay their debts and fulfill insurance liabilities! I can't believe it is happening in Europe! It's more likely North Korean scenario!
There is a joke going around in Greece these days. It goes: thank god communism didn't come to take our money, capitalism did!!!
April 01, 2013, 11:23:46 AM
I hope the court case can bring justice to you and the others, and I hope it will be FAST.
It seems quite obvious some basic law rules have been breached.
Keep us informed if you can ! Thx
It seems quite obvious some basic law rules have been breached.
Keep us informed if you can ! Thx
April 01, 2013, 10:48:19 AM
Quote
Deposits below €100,000 will be shifted from Laiki to the Bank of Cyprus to create a “good bank.” Deposits larger than €100,000, which are not guaranteed under EU law, will be frozen and used to resolve debts.
killerstorm, do you think this solution is fair? Is it OK when assets of successful people and businesses are seized to pay county's debt and cover "insured" accounts? They took 700K from my account, killing my business, to repay their debts and fulfill insurance liabilities! I can't believe it is happening in Europe! It's more likely North Korean scenario!
BTW,
Quote
A company owned by in-laws of Cypriot President Nicos Anastasiades wired €21 million from Laiki Bank to London days before the Eurogroup’s crisis-triggering levy proposal, claims a Cypriot newspaper.
SOURCE April 01, 2013, 10:21:09 AM
Not saying Cyprus is innocent, nor the banks. But if someone orders a murder, you arrest the hitman, AND the guy who hired him.
If you had a wound and waited until your leg is gangrenous, will you blame surgeon when you lose your leg?
I certainly would if he took the wrong leg. It's not the depositors' fault that their banks made stupid decisions. It's not the depositors' fault that the morons running the country decided to save the banks from the consequences of their actions. It's not the depositors' fault, but the ECB decided that they should pay. That's fucked up. The bank officers, from the top all the way down to the branch managers, should be penniless in the streets before a single cent of the banks' customers' money was touched.
April 01, 2013, 03:05:28 AM
Not saying Cyprus is innocent, nor the banks. But if someone orders a murder, you arrest the hitman, AND the guy who hired him.
If you had a wound and waited until your leg is gangrenous, will you blame surgeon when you lose your leg?
Your leg was lost before surgeon cut it. Surgeon just makes sure that you do not die due to infection. Being without a leg surely sucks, but sepsis is worse.
Really, Cyprus was free to not accept the deal and go through process of liquidation...
April 01, 2013, 02:58:29 AM
Yes, it's pure logic, because:
- Unlike Cyprus, small Caribbean country is not a part of "global corporation" like EU.
- Their primary interest is to attract investors and to prove that their money is safe.
- Unlike many of EU countries, they don't have huge national debts.
- They don't tax you for foreign income.
- Unlike Cyprus, small Caribbean country is not a part of "global corporation" like EU.
- Their primary interest is to attract investors and to prove that their money is safe.
- Unlike many of EU countries, they don't have huge national debts.
- They don't tax you for foreign income.
That might be correct, except the EU is not to blame. EU GAVE them money, not TOOK their money. Everyone knew for over a year now that banks are insolvent because of the failed Greek bonds speculation: http://www.nytimes.com/2012/04/12/business/global/in-cyprus-a-national-quest-to-shore-up-teetering-banks.html?pagewanted=all&_r=0
It was The ECB that placed the requirement of draining the bank accounts, yes?
Not saying Cyprus is innocent, nor the banks. But if someone orders a murder, you arrest the hitman, AND the guy who hired him.
Honestly, the only people who aren't to blame here are the people whose money all evaporated overnight. You can hardly blame the guy for banking in the country he does business in.
April 01, 2013, 02:51:17 AM
Yes, it's pure logic, because:
- Unlike Cyprus, small Caribbean country is not a part of "global corporation" like EU.
- Their primary interest is to attract investors and to prove that their money is safe.
- Unlike many of EU countries, they don't have huge national debts.
- They don't tax you for foreign income.
- Unlike Cyprus, small Caribbean country is not a part of "global corporation" like EU.
- Their primary interest is to attract investors and to prove that their money is safe.
- Unlike many of EU countries, they don't have huge national debts.
- They don't tax you for foreign income.
That might be correct, except the EU is not to blame. EU GAVE them money, not TOOK their money. Everyone knew for over a year now that banks are insolvent because of the failed Greek bonds speculation: http://www.nytimes.com/2012/04/12/business/global/in-cyprus-a-national-quest-to-shore-up-teetering-banks.html?pagewanted=all&_r=0
April 01, 2013, 02:24:30 AM
I'm working with my lawyers now and they told me we have chances to win.
Please don't tell us these are the same people who told you your money was safe in Laiki...
No. It is absolutely different law company specializing in cases against banks.
April 01, 2013, 02:15:59 AM
I'm working with my lawyers now and they told me we have chances to win.
Please don't tell us these are the same people who told you your money was safe in Laiki...
April 01, 2013, 01:40:51 AM
This is the end of Cyprus...
April 01, 2013, 01:06:29 AM
I'm with you guys on this one
What the EU is doing is a violation of sorts taking money out of peoples bank accounts to fund the debts of those who borrowed doesn't seem right.
Can see the lawsuit succeeding
Its giving money to people for doing a bad job.
In economic terms taking from savers and giving to borrowers money that shouldn't be taken in the first place as it was saved to pay for someone else's problems.
And I still don't find it right that banks are using someone else's money to pay for their problems.
They are holding your assets they are bank liabilities not bank assets so they can't just say a liability money owed to you in deposit is really an asset to them.
Best of luck hope Europe find's another way to solve its problem's maybe real asset development as we know that government and inflation through monetary policy does not tackle inflation but real growth through physical goods and services is what causes the economy to grow. Not printing more money.
What the EU is doing is a violation of sorts taking money out of peoples bank accounts to fund the debts of those who borrowed doesn't seem right.
Can see the lawsuit succeeding
Its giving money to people for doing a bad job.
In economic terms taking from savers and giving to borrowers money that shouldn't be taken in the first place as it was saved to pay for someone else's problems.
And I still don't find it right that banks are using someone else's money to pay for their problems.
They are holding your assets they are bank liabilities not bank assets so they can't just say a liability money owed to you in deposit is really an asset to them.
Best of luck hope Europe find's another way to solve its problem's maybe real asset development as we know that government and inflation through monetary policy does not tackle inflation but real growth through physical goods and services is what causes the economy to grow. Not printing more money.
March 31, 2013, 11:33:51 PM
This screenshot just popped up on a gun forum I frequent - http://www.ar15.com/forums/t_1_5/1462284_.html&page=4&anc=39532832#i39532832.
That forum has already been talking about BTC, but maybe your plight will expose more people to the benefits of the currency.
That forum has already been talking about BTC, but maybe your plight will expose more people to the benefits of the currency.
March 31, 2013, 10:31:11 PM
I'm working with my lawyers now and they told me we have chances to win. This will be collective lawsuit.
If anyone else is affected by Cyprus deposits confiscation, please send me pm.
If anyone else is affected by Cyprus deposits confiscation, please send me pm.
Excellent news. I imagine the local business association will have loads of affected members.
March 31, 2013, 10:05:22 PM
zeroday : do you think legal recourse can possibly change something, as this FT articles seems to hint :
http://www.ft.com/cms/s/0/c73e1420-99ed-11e2-83ca-00144feabdc0.html#axzz2PAE0DtoG
http://www.ft.com/cms/s/0/c73e1420-99ed-11e2-83ca-00144feabdc0.html#axzz2PAE0DtoG
I'm working with my lawyers now and they told me we have chances to win. This will be collective lawsuit.
If anyone else is affected by Cyprus deposits confiscation, please send me pm.
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