38 votes

Update: Cypriot President's Family/Others Transferred $100s of Millions Before Deposits Seized

This is a good way to start a revolution.

List Released With 132 Names Who Pulled Cyprus Deposits Ahead Of "Confiscation Day"
4-1-13

With every passing day, it becomes clearer and clearer the Cyprus deposit confiscation "news" was the most unsurprising outcome for the nation's financial system and was known by virtually everyone on the ground days and weeks in advance...
http://www.zerohedge.com/news/2013-04-01/list-released-132-n...
Cyprus President's Family Transferred Tens Of Millions To London Days Before Deposit Haircuts
3-31-13

A day after former Cypriot President Vassilou was found to be among many elite Cypriot (politicians and businessmen) who had loans written-off by the major (now insolvent) banks; it appears the rot is far fouler than expected.

In a somewhat stunning (or purely coincidental) revelation, ENETEnglish reports that Cypriot newspaper Haravgi claims that current President Nicos Anastasiades' family businesses transferred 'dozens of millions' from their Laiki Bank accounts to London just a week before the devastating depositor haircuts were unleashed upon his people.

More at:
http://www.zerohedge.com/news/2013-03-31/cyprus-presidents-f...



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SteveMT's picture

The amounts of these tranfers are striking. Cyprus is bankrupt.

Every company with money knew to get their money out. What is left?

http://www.zerohedge.com/news/2013-04-01/list-released-132-n...

The BANK HEADS cut a deal PRIOR...

to the big announcement. They were told they could move their own money out of the country IF they implemented & announced they would take 60% of the depositor's money.

There is NO DOUBT about that. They are total rats who cya'd themselves & stuck it to the rest.

Is this the guy who announced a pay cut for himself?

How funny is it (or would it be were it not so sad and awful) if this is the same guy who announced a pay cut for himself a day or so earlier. He takes the token cut and tells the public he's taking a hit too. Meanwhile, he saved his $10 million.

Did you see the sequel to

Did you see the sequel to Gangnam Style? Iceland Style.

Bump

.

Feel free to reuse any resources/ideas that I post on the DailyPaul on other networking sites.

hey cyprus

SteveMT's picture

A picture is worth 1,000 words.

No other words necessary. Thanks.

It Won't Matter Soon

...because I doubt the British Prime Minister will be warning Vassilou prior to any British banking system implosion. It's a much larger systemic problem which most people are about to discover.

Yea but hold those dollars!

Yea but hold those dollars!

And Euros, etc...!!

Cypriots with more than 100K in the banks sure wish (too late) they had kept the "paper stuff" somewhere at home instead. This guy "gets" it:

http://www.lewrockwell.com/blog/lewrw/archives/134807.html

http://www.youtube.com/watch?

http://www.youtube.com/watch?v=WpE_xMRiCLE
Robot Chicken: This Deal's Getting Worse All The Time
Star Wars take off from Empire Strikes Back with Lando and Darth Vader.

A commentary on not dealing with bad guys at all - as is the original scene.

And for the support of this Declaration, with a firm reliance on the protection of Divine Providence, we mutually pledge to each other our lives, our fortunes and our sacred honor.

Well, of course they did.

What is it about the unfairness of the "ruling elite" that people don't understand?

I love ZH.

I love ZH.

SteveMT's picture

Yup. Me, too.

ZH is always right on top of things, sometimes days before anyone else writes a word about it.

It's GRAND THEFT----just like bank robbers, but

who'd have thought the BANKS would rob themselves? This is absolutely shocking, and I hope the masses will arrest that man & put him in prison UNTIL they can sort things out.

SOMEONE HAS TO PAY FOR THIS CRIME----A CRIME HAS BEEN COMMITTED!!

Cyprus Parliament President

Cyprus Parliament President Says "No Future" Under Troika, Calls For "Iceland" Solution

'Troika-imposed' responsibility will, "turn Cyprus into a colony of the worst possible type." His 'Icelandic' solution is to "leave the Troika and EMS behind,"

in spite of their gun control laws

something tells me the Cypriots will be well supplied with AKs ;)

Corruption...

Corruption is universal, is anybody surprised? Maybe this will motivate people to leave the minimum in your accounts, buy gold and silver and hide it. People, protect yourselves from the government. Don't wait till it is too late. Don't be stupid enough to think that it can't happen here.

RickStone