Post
Topic
Board Economics
Re: European Union is robbing its citizens' bank accounts. 9.9% to be confiscated.
by
rpietila
on 17/03/2013, 20:03:50 UTC
As a Finnish taxpayer, I think the deal is good:

- It will reduce the need for taxpayer money in the bailout
- It will reduce the confidence in the banks and the corrupt system as a whole
- It will punish the speculators that have both loans and money in the bank (sucker, your arbitrage just shrank by 990 pips how do you feel about that?)
- Which will further reduce the confidence on any tricks that the banks keep pulling from their hats to tie up your money in their value-reduction schemes such as pension plans, mutual funds, etc.
- It will keep the banks afloat for a few more months and give everybody with a brain a chance to invest in bitcoin.